Switzerland says UBS may need more cash. The bank is fuming – CNN
Arndt Wiegmann/Reuters UBS headquarters in Zurich, Switzerland (photo) 2015. London CNN — A year later Credit Suisse goes bankrupt, Swiss government announces UBS may have to find out Up to $27 billion to absorb potential This is to ensure that taxpayers don’t have to bail out the big banks as they suffer losses. Now, Switzerland’s […]
FACT CHECK: Did U.S. Bank Stadium End The Sale Of Meat And Dairy Products?
A post shared on social media purports the U.S. Bank Stadium is no longer selling meat or dairy products during games. This claim is inaccurate. The original post stems from a satirical account. Ahead of the NFL draft the New York Jets traded Zack Wilson to the Denver Broncos, CBS Sports reported. The development comes after the […]
White House announces $7B in Green Bank solar grants
The Biden administration announced Monday it will be deploying the remaining grants from the Environmental Protection Agency’s Greenhouse Gas Reduction Fund to expand access to solar energy, along with further actions to deploy the American Climate Corps. In honor of Earth Day, the Biden administration will spend the week announcing environmental and infrastructure projects. On […]
Nathan Wade has $500k in the bank to pay alimony: Wife
Former Donald Trump prosecutor Nathan Wade has nearly $500,000 in the bank despite claiming he lost his job and can’t pay spousal support, new court documents reveal I made it. In a complaint filed in Wade’s divorce case, his estranged wife, Joycelyn Wade, claims that “money… totaling at least $495,000” was deposited into Wade’s trust […]
Taylor Swift’s UK fans have lost $1.2M from Eras Tour scams: bank
Taylor Swift’s loyal Swiftie army in the UK was reportedly scammed out of $1.2 million trying to catch the pop star’s coveted ‘Ellas Tour’. According to Lloyds Bank, about 90% of the scams target 25 to 34-year-olds seeking tickets to Swift’s record-breaking international tour on Facebook, including Facebook Marketplace. “A search of Facebook reveals dozens […]
Bank of America's Q1 profits fall 18% on higher expenses, charge-offs – ABC News
Bank of America reported an 18% drop in first-quarter profit as it grappled with higher expenses due to the impact of rising interest rates. by KEN SWEET AP Business Writer April 16, 2024, 8:45 a.m. ET • 2 minute read NEW YORK — Bank of America reported an 18% drop in first-quarter profit as it […]
GOP Lawmakers Claim Bank of America Discriminates Against Christians
Kansas Attorney General Kris Kobach wrote a letter signed by other Republicans accusing Bank of America (BofA) of potentially discriminating against Christians. The letter obtained by daily mailasked BofA to “submit documentation regarding its account termination policies and update its terms of service to avoid discriminating against customers with particular political or religious beliefs.” As […]
GOP AGs put a major US bank on notice for alleged ‘de-banking’ of conservatives
More than a dozen Republican attorneys general are warning major U.S. banks for allegedly “unbanking” certain customers because of their religious or political views. In a letter obtained exclusively by Fox News Digital, Kansas Attorney General Kris Kobach, along with 14 of his Republican colleagues, issued a letter to Bank of America CEO Brian T. […]
It's not just Jamie Dimon and Wall Street. Local bank branches have big AI ambitions – CNBC
The pandemic has accelerated changes at major banks, with Chase Bank and Wells Fargo Bank already having branches that are more like lounges than banks. But Wall Street banks aren’t the only ones where AI is disrupting the way they do business. Smaller independent branches are following suit, experts and executives say, and will use […]
Dow tumbles 300 points on weak bank earnings, inflation concerns
The threat of more war in the Middle East and disappointing earnings reports from U.S. banks triggered a selloff on Wall Street on Friday. The Dow Jones Industrial Average plunged 475 points to close at $37,983 and is now down about 5% from its all-time high after also breaking the $40,000 barrier that ended March […]