Banks collected at least $13 billion in fees on Paycheck Protection Program loans, according to a New York Times analysis. But the largest lenders say costs wiped out most of what they took in.
A leak of thousands of “suspicious activity reports” that banks filed with regulators shows the widespread nature of illicit money flows.
A new generation of activists is trying to figure out where to concentrate its efforts. Residential desegregation is the final frontier.
The pandemic has given David Solomon a chance to try out a more open-minded approach in tune with the bank’s young work force.
Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.
Banks have tightened standards, becoming more choosy about their borrowers and asking a lot of questions.
Black customers risk being racially profiled on everyday visits to bank branches. Under federal laws, there is little recourse as long as the banks ultimately complete their transactions.
The finance industry will return to its offices this month, but the landscape is likely to be altered for many months to come.
Accounts provided by the Federal Reserve and distributions handled by payroll processors are among the ideas floating around Capitol Hill.
Small-business owners are suing, claiming that applications for stimulus loans weren’t processed in the order they were received.
A $349 billion program to throw them a financial lifeline got off to a rocky start on Friday as the U.S. economy continued to seize up.
The clamor for corporate funding is raising concerns about a financial reckoning reminiscent of 2008.