by Ken Chase | Aug 1, 2022 | Banks, Market
By: Ken Chase. The state of West Virginia has barred five of the largest financial firms from conducting new business with the state, after the state determined that the companies had been effectively boycotting energy companies like those engaged in coal mining. The...
by Ken Chase | Aug 1, 2022 | Banks, Market
By: Ken Chase. The Consumer Financial Protection Bureau announced on Thursday that it is fining U.S. Bank for illegal activities that involved unlawfully using customer credit reports to create accounts for customers without their permission. According to the Bureau,...
by Ken Chase | Jul 29, 2022 | Banks, Market
By: Ken Chase. The Bureau of Economic Analysis confirmed many Americans’ fears on Thursday, reporting that the U.S. gross domestic product fell by 0.9 percent in the second quarter of 2022. That marks the second consecutive quarter of negative growth for the year,...
by Ken Chase | Jul 25, 2022 | Banks, Market
By: Ken Chase. In a July 20 op-ed on the CNBC website, Goldman Sachs CEO David Solomon argues that Congress needs to reform the Small Business Administration to ensure that it can help America’s small businesses meet a host of new challenges. Solomon’s call for a...
by Ken Chase | Jul 25, 2022 | Banks, Market
By: Ken Chase. Citi’s focus on transforming its business processes and services saw the firm increase its technology spending by 14 percent in the second quarter of 2022, according to statements from CFO Mark Mason in the company’s most recent earnings call. That...
