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Category : Bank of America

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Major banks assess COVID-19 working from home policies – FinTech Futures

As the US, the UK and much of Europe begin to loosen lockdowns, bank executives are wrestling with the question of how many employees to...
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US banks roll back lending to European companies – FinTech Futures

US banks are pulling back from lending to European companies during the coronavirus pandemic, fuelling concerns that Wall Street may be quietly withdrawing to its...
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Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments

For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system...
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Wells Fargo, JPMorgan among banks sued over aid to small businesses

Wells Fargo, Bank of America, JPMorgan Chase and U.S. Bancorp were sued by small businesses that accused the lenders of prioritizing large loans distributed as...
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Trump says heads of big four banks among CEOs to advise on economy

President Trump said he’s tapping the country’s most prominent business executives, including Jamie Dimon, Tim Cook and Doug McMillon, to help revive the economy as...
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JPMorgan, Bank of America, Deutsche Bank Predict Major Recession

Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune...
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Confusion, inconsistency mar rollout of small-business loan program

A massive government program aimed at delivering deliver emergency relief to small businesses devastated by the coronavirus outbreak lurched forward Friday, weighted down by the...