by visbanking | Jan 13, 2023 | Banks, News
Estimated reading time: 2 minutes By: Ken Chase The U.S. Consumer Financial Protection Bureau has created a new repeat offender unit that will reportedly focus on large banks that repeatedly violate federal laws and regulations. The regulatory body revealed the...
by Ken Chase | Jan 8, 2023 | Banks, News
Estimated reading time: 2 minutes By: Ken Chase The state of Kentucky officially put eleven financial firms on notice this week, vowing to act if those banks engage in boycotts of fossil fuel energy companies. According to Kentucky State Treasurer Allison Ball, the...
by Ken Chase | Jan 8, 2023 | Banks, News
Estimated reading time: 2 minutes By: Ken Chase It seems like only yesterday that the U.S. banking industry was reeling from the aftermath of a financial crisis that saw them receive billions of dollars in bailout funds to prevent an industry-wide collapse. Now, more...
by Ken Chase | Jan 3, 2023 | Banks, News
Estimated reading time: 2 minutes By: Ken Chase Tens of millions of American workers receive income as independent contractors or via gig work as part of the growing gig economy—a segment of the U.S. economy that now includes roughly a third of all workers. In recent...
by Ken Chase | Jan 2, 2023 | Banks, News
Estimated reading time: 2 minutes By: Ken Chase Earlier this month, Goldman Sachs CEO David Solomon told Bloomberg that he saw “bumpy times ahead” that would lead to cuts in the bank’s workforce. In this week’s annual year-end memo to the bank’s staff, Solomon went...
by Brian Pillmore | Dec 15, 2022 | Banks, News
Estimated reading time: 2 minutes By: Ken Chase The CEOs of two of the nation’s largest financial institutions, Bank of America and Wells Fargo, warned that consumers appear to be pulling back on spending in recent weeks. That news suggests that the Federal Reserve’s...
