July 30 Citigroup Inc said on Thursday it
promoted Stephen Randall to lead liquidity management services
globally, putting the 24-year company veteran in charge of
managing more than half of the mega-bank's deposit base.
Congressional districts with the highest black populations received up to $13 billion dollars less in Paycheck Protection Program (PPP) funding than districts with the lowest percent of black residents, a new study shows.
Wells Fargo & Co said on Tuesday Mike Santomassimo would replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm.
NEW YORK Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers who were financially hard hit by the coronavirus pandemic.
Major U.S. brokerages that reported quarterly results this week cheered the self-directed day trading happening on their platforms as individuals with a bit of extra money and time on their hands during the coronavirus pandemic have been engaging more in markets.
Bank of America Corp saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it would struggle as long as interest rates stayed low.
Wells Fargo & Co will launch a broad cost-cutting initiative this year, executives said on Tuesday, as the bank braces for massive loan losses caused by the coronavirus pandemic and continues to work through expensive regulatory and operational problems tied to a long-running sales scandal.
NEW YORK Sylvia's, a soul food restaurant on Malcolm X Boulevard in Harlem, New York, saw a welcome bump in donations and revenue from new customers in early June following calls to "buy Black" after the death of George Floyd. | Video