Bank of America

Four big banks throw weight behind climate finance center

07/09/20

The new Center for Climate-Aligned Finance will help financial institutions navigate the various challenges involved in the shift to renewable energy — as lenders, power consumers and corporate citizens. Its backers include JPMorgan and Bank of America.

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Lenders face quandary over offering Main Street loans to noncustomers

07/09/20

Many big banks say they will focus on existing customers in offering credit through the Federal Reserve’s emergency lending program for midsize businesses. Complex vetting and fear of being inundated are said to be among their concerns.

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Inside Goldman’s new corporate banking portal

07/08/20

The Wall Street firm is jumping into a market dominated by a handful of big U.S. banks, betting that superior technology can lure companies with complex cash-management needs.

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NCUA’s new low-income definition will benefit military, not credit unions

06/23/20

Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided.

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PNC pledges $1 billion to fight racism

06/18/20

The Pittsburgh-based company said the funds will be used to support community development, minority-owned businesses and charitable organizations that work to promote social justice.

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An ‘overwhelming’ moment: Behind BofA’s $1B racial justice commitment

06/18/20

From hiring to health care, Vice Chair Anne Finucane shares details about Bank of America’s pledge to address vital needs in minority communities.

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Bank of America says employees can take personal day for 'Juneteenth'

06/17/20

The bank is encouraging staff to take the day off Friday to commemorate the end of slavery, but intends to keep branches open.

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Wall Street's best-laid Brexit plans in disarray amid virus

06/16/20

Giant U.S. banks still have to deliver a Brexit plan to get staff across the English Channel before a potential second wave of Covid-19 forces Europe's doors shut again.

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Big banks cling to branch expansion plans despite coronavirus shock

06/15/20

Executives argue the rollouts will largely focus on new markets and work in tandem with digital banking efforts.

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House Democrats call for more transparency in allocation of PPP funds

06/15/20

In letters to administration officials and large banks, the lawmakers sought details about loan recipients following reports that financial institutions had favored their wealthiest clients.

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