Tag: Featured

January 20, 2021

On Monday, just two days before his inauguration, Biden announced the appointment of Rohit Chopra to direct the Consumer Financial Protection Bureau (CFPB). Biden also nodded to his intent to nominate Gary Gensler as the next chair of the Securities […]

January 19, 2021

Bitcoin and U.S. tech stocks are viewed by investors as the biggest market bubbles right now, according to a Deutsche Bank survey released Tuesday. The survey, which is based on responses from 627 market professionals between Jan. 13-15, found that […]

January 19, 2021

The Texas Division of Workers’ Compensation (DWC) has extended until June 2021 its mandatory data call for information related to COVID-19 injuries reported to selected insurance carriers on or after Dec. 1, 2019. The data call was originally issued on […]

January 18, 2021

Performance of investment banking (“IB”) business, one of the key revenue sources of Bank of America BAC, is likely to have been impressive in fourth-quarter 2020. Hence, this is expected to provide much needed support to the bank’s results, scheduled […]

January 18, 2021

COVID-19 has become a catalyst for an acceleration amongst the everyday banking customer. ValuePenguin data shows 71% of US banking customers now regularly use online banking. What’s more, footfall in the branch has dipped, as customers stay away from personal […]

January 14, 2021

The gradual rollout was meant to give smaller institutions an early advantage in accessing the $284 billion shuttled to PPP through a coronavirus aid bill signed Dec. 27. But the timeline gives community banks and credit unions one business day […]

January 13, 2021

The US Department of Justice (DOJ) filed a civil antitrust lawsuit against the merger back in November. It alleged that Visa’s reason for acquiring Plaid was to take a future competitor out of the market. Now all parties have all […]

January 13, 2021

On Jan. 20, Joseph R. Biden Jr. will be sworn in as the 46th President of the United States. Though President-elect Biden has been a staple of U.S. politics for over four decades, the potential impacts of his administration on […]

January 11, 2021

Goldman Sachs and JPMorgan will suspend contributions to both political parties for six months. “The country is facing unprecedented health, economic and political crises,” Peter Scher, JPMorgan’s head of corporate responsibility, told CNBC. “The focus of business leaders, political leaders, […]

January 11, 2021

“Deutsche Bank engaged in a seven-year course of conduct, during which it failed to implement a system of internal accounting controls regarding the use of company funds and falsified its books and records to conceal corrupt and improper payments,” Robert […]