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Some of the lenders are demanding immediate repayment as SEC chair prepares to address the issue; the company plans to use its acquisition of BitGo to compete against traditional banks.
By George YacikMay 6 -
The bank told its U.S. employees to be ready to return by June 14, June 21 in the U.K.; the SBA is no longer taking applications for the small-business lending program.
By George YacikMay 5 -
The Fed chair says nonbank lenders should be subject to the law, which requires congressional action; the former head of the CFPB has been named head of the federal student aid program.
By George YacikMay 4 -
German regulator says the bank still has a lot of work to do on preventing money laundering; at 11%, the percentage of Blacks in mortgage forbearance is double the rate for all borrowers.
By George YacikMay 3 -
Biden spending proposal would require banks to report on their business clients to the IRS; Wells, JPMorgan Chase and Citi haven’t resumed offering the property-backed lines of credit.
By George YacikApril 30 -
The plan would enable lower-income homeowners to take advantage of today’s lower rates; the German bank needs to follow up on its best quarterly results in seven years.
By George YacikApril 29 -
The bank will start the reopening process on May 17 to allow employees to transition back; only 57% of shareholders approved Wells's compensation plan, even after last year’s pay cuts.
By George YacikApril 28 -
Several big investors say they will oppose reelection of several board members at Friday’s annual meeting; Aberdeen is hoping “Abrdn” will lift it in search results.
By George YacikApril 27 -
The bank says it “misjudged” the reaction to its financing the botched European Super League; big shareholders say the board member in charge of risk management should leave.
By George YacikApril 26 -
Brian King is coming back as chief risk officer after leaving for a similar job at Wells Fargo; the former Citi executive, who is running for mayor of New York, is getting $5.7 million.
By George YacikApril 23