Bank of America

Fed goes all in; Santander chief takes pay cut

03/24/20

The Fed announced several new lending facilities and virtually “unlimited” purchases of Treasury bonds; Ana Botín will donate the money to a coronavirus fund.

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Coronavirus testing loan servicers’ mettle

03/17/20

The pandemic has upended staffing plans, sparked concerns about servicers’ capacity to handle the expected crush of missed payments, and even raised questions about their ability to stay afloat.

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Eight giant U.S. banks to suspend stock buybacks through June

03/15/20

The banks — including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — agreed to stop buying back their own shares through the second quarter, saying they will focus on supporting clients and the nation during the coronavirus pandemic.

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Banks eager for Fed stress test to prove they can weather virus

03/13/20

The biggest U.S. banks are once again preparing to show how they'll be able to withstand a severe economic shock in a hypothetical doomsday scenario, and they're eager to get on with it as a real one unfolds.

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Banks urgently pitch investors on lending to needy companies

03/13/20

Investment bankers have are trying to drum up interest from investment firms and hedge funds to provide tens of billions of dollars in financing to companies in industries upended by the coronavirus.

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Big banks face renewed pressure on gender pay gap

03/04/20

An investment firm that has been pressuring large companies to enhance disclosures said that its efforts at JPMorgan Chase, Wells Fargo, Bank of America and Bank of New York Mellon are gaining ground.

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Warren queries large banks on their coronavirus planning

02/28/20

The Massachusetts senator and presidential candidate sent a letter to CEOs of five of the largest U.S. banks asking about their response to the outbreak.

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Ending the credit union tax exemption hurts everyone

02/24/20

The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy.

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Senate Republicans target banks refusing services to ICE contractors

02/14/20

Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.

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The big squeeze: Banks pushed to hike pay at inopportune time

02/13/20

The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.

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