All articles
- KY Warns Banks Against Boycotting Energy Firms
KY Warns Banks Against Boycotting Energy Firms By: Ken Chase The state of Kentucky officially put eleven financial firms on notice this week, vowing to act if…
- Goldman Sachs Signals Mass Job Cuts in Coming Weeks
Goldman Sachs Signals Mass Job Cuts in Coming Weeks By: Ken Chase Earlier this month, Goldman Sachs CEO David Solomon told Bloomberg that he saw “bumpy times…
- How One OH Credit Union Is Expanding Credit Opportunities for 1099 Workers
How One OH Credit Union Is Expanding Credit Opportunities for 1099 Workers By: Ken Chase Tens of millions of American workers receive income as independent…
- CEBR: Global Effort to Control Inflation will Lead To Recession for World Economy in 2023
CEBR: Global Effort to Control Inflation will Lead To Recession for World Economy in 2023 By: Ken Chase The world’s ongoing fight against stubbornly high…
- Bank of America, Wells Fargo CEOs forecast recession in 2023
Bank of America, Wells Fargo CEOs forecast recession in 2023 By: Ken Chase The CEOs of two of the nation’s largest financial institutions, Bank of America…
- DOJ offers incentives to banks and other companies to self-report misdeeds
By: Ken Chase The U.S. Department of Justice recently called on banks and other companies to be more proactive about reporting their…
- Morgan Stanley cuts 1,600 jobs as other firms signal slowdown in hiring
By: Ken Chase U.S. financial firm Morgan Stanley eliminated about 1,600 of its more than 81,000 employees on Tuesday, a roughly…
- Alleged Epstein Victims File Suit Against JPMorgan Chase, Deutsche Bank
By: Ken Chase. JPMorgan Chase and Deutsche bank are reportedly being sued by women who allege that the financial firms provided sexual abuser Jeffrey Epstein…
- Amid Continuing Economic Headwinds, U.S. Consumer Confidence Declines in November
By: Ken Chase. With the holiday shopping season looming large on the economic horizon, the latest University of Michigan consumer sentiment survey suggests…
- Seven U.S. Banks Reportedly Developing Plan to Repay Zelle Scam Victims
By: Ken Chase. Relief may be on the way for those who fell prey to scams on the Zelle payment network, according to reporting from the Wall Street Journal this…
- Credit Suisse Plan to Raise $4.2B in Capital Approved by Shareholders
By: Ken Chase Embattled Swiss firm Credit Suisse received some good news this week as shareholders gave their approval to the lender’s plan to raise $4.2…
- SEC Fines Goldman Sachs for Failure to Follow its Own ESG Policies
By: Ken Chase. The U.S. Securities and Exchange Commission recently confirmed that it had settled charges against Goldman Sachs Asset Management. GSAM had been…
- U.S. Bank Review by Regulators Cites Citigroup Deficiencies in Data Management
A recently completed banking review by the Federal Deposit Insurance Corporation and Federal Reserve warned Citigroup that the bank needs to improve its…
- DEALMAKING DECLINE FORCES BANKS TO CUT INVESTMENT BANKING JOBS
By: Ken Chase. Bloomberg reported
- MUSK SIGNALS PLANS TO MAKE TWITTER THE PEOPLE'S BANK
B y : Ken Chase. New Twitter owner Elon Musk told employees on Thursday of his plans to incorporate banking features into the Twitter platform, essentially…
- SURVEY SAYS BANK EXECS SUPPORT INDUSTRY PURSUIT OF ‘SOCIAL GOOD’
By: Ken Chase. A recent survey…
- JPMORGAN TO PILOT PROPERTY MANAGEMENT PLATFORM THAT COULD REVOLUTIONIZE RENTAL INVOICES AND PAYMENTS
By: Ken Chase JPMorgan Chase has revealed that it is piloting a new platform designed to help landlords and property managers invoice and receive rental…
- LATEST FED FINANCIAL STABILITY REPORT HIGHLIGHTS RISKS BUT SAYS BANKS HAVE CAPITAL TO ABSORB POTENTIAL ECONOMIC SHOCKS
B y: Ken Chase. The Federal Reserve’s November 2022 Financial Stability Report…
- MARKETS DIVE AS FED RAISES RATES AGAIN AND POWELL SUGGESTS FIGHT AGAINST INFLATION FAR FROM DONE
By: Ken Chase. The U.S. Federal Reserve announced another 75-basis point increase in interest rates on Wednesday, in a move that had been widely anticipated by…
- J.D. Power Survey Suggests Banks Need to Do More to Help Small Business Owners
By: Ken Chase. America’s small businesses are struggling to meet the challenges of a deteriorating economy and turning to their banking partners for advice and…
- Swiss National Bank Endorses Credit Suisse Plan to Raise $4B from Investors
By: Ken Chase. In an online interview Friday, Swiss National Bank Vice Chairman Martin Schlegel offered his support for Credit Suisse’s recently announced…
- Third Quarter GDP Better than Expected, But Underlying Numbers Signal Trouble Ahead
By: Ken Chase. On Thursday, that Biden administration announced that U.S. gross domestic product GDP grew at an annualized rate of 2.6% in the third quarter of…
- As Housing Market Stalls, Bank Home Lending Revenue Declines
By: Ken Chase. Third-quarter earnings from the major U.S. banks revealed a significant decline in mortgage lending in the late summer and early fall. According…
- JPMorgan Chase Secure Banking to Offer Customers Early Access to Direct Deposit Payments
By: Ken Chase. JPMorgan Chase customers with the bank’s Secure Banking no-overdraft checking account can now enjoy early access to direct deposit payments,…
- Welcome to the Party, Bloomberg Economics? 100% Chance of Recession in Next 12 Months?
By: Ken Chase. The most recent forecast…
- Did you see the latest fine that the SEC dished out?
Did you see the latest fine that the SEC dished out? The U.S. Securities and Exchange Commission confirmed this week that it has levied a $35 million penalty…
- Credit Suisse Woes Continue: Why it Matters
By: Ken Chase. For Credit Suisse, this week continued to bring bad news, as the firm’s shares dropped once again after U.S. authorities announced an…
- For Credit Suisse, Many Months of Chaos and Uncertainty Leave it in Market Spotlight
By: Ken Chase. Swiss financial giant Credit Suisse has been in the media and financial market spotlight in recent weeks, and for good reason. The troubled…
- BoA to Dramatically Increase Its Investment in Minority- Deposit Institutions
By: Ken Chase. Bank of America has confirmed…
- I took the financials from a trucking company into my credit guy.I was excited until my credit guy told me we couldn't do the deal.Not now. Not ever.
I took the financials from a trucking company into my credit guy. I was excited until my credit guy told me we couldn't do the deal. Not now. Not ever. "Why?"…