by Ken Chase | Feb 3, 2024 | Banks, News
New York City is suing the Federal Deposit Insurance Corporation (FDIC) over $44 million in overdue taxes Signature Bank taxes. According to Bloomberg, the suit was filed in a Manhattan federal court on Monday. The suit targets the FDIC in its role as the failed...
by Ken Chase | Jan 5, 2024 | Banks, News
According to Bloomberg, large lenders earned roughly $3 billion from financing so-called “green” projects last year. Meanwhile, lenders reportedly made less than $2.7 billion from the financing of energy projects involving gas and oil. That marks the second...
by Ken Chase | Dec 21, 2023 | Financial, News
The State of Tennessee confirmed that it has filed a consumer protection suit against Blackrock, Inc. In a statement released on Monday, state Attorney General Jonathan Skrmetti accused Blackrock of misleading Tennessee’s citizens about its investment...
by Ken Chase | Dec 21, 2023 | Market, News
Last week, the Federal Reserve decided to maintain its current interest rate posture. Fed Chair Jerome Powell told the press that the central bank is likely done raising rates. In addition, he said that officials had explored the topic of rate reductions in their...
by Ken Chase | Dec 14, 2023 | Banks, News
A new report from CNBC highlights ongoing concerns about mortgage pricing discrimination throughout the banking industry. The reported discrimination was unveiled by a Consumer Financial Protection Bureau (CFPB) probe into the industry. Notably, the review suggested...
by Ken Chase | Dec 7, 2023 | Market, News
Federal Reserve Chairman Jerome Powell seems to have dismissed any consideration of interest rate cuts any time soon. Powell made the remarks during a speech to an audience in Atlanta late last week. According to the Fed Chair, the Federal Open Market Committee...
