by Ken Chase | Aug 1, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes 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...
by Ken Chase | Jul 29, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes 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...
by Ken Chase | Jul 25, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes 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...
by Ken Chase | Jul 25, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes 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...
by Ken Chase | Jul 25, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes While most major banks across the United States have raised their loan rates to adjust for recent Federal Reserve interest rate increases, credit unions and some large lenders have worked to maintain their lower rates...
by Ken Chase | Jul 18, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes Jamie Dimon, CEO of banking giant JPMorgan Chase, offered his latest assessment of the U.S. economy this week, as part of the company’s most recent quarterly release. While he acknowledged that the current trends...
