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Financial-technology companies that distributed Paycheck Protection Program loans often employed lax oversight that allowed fraudsters or ineligible individuals to receive relief funded by taxpayers, a congressional report found. → Read More
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said that the US needs to invest in the fossil-fuel industry to reduce greenhouse-gas emissions in the long term and protect economic growth. → Read More
One of the fastest growing banks in the US is on a mission to rewire the industry. It has also touched some nerves. → Read More
Some offers of high rates and low fees have strings attached. → Read More
PayPal Holdings Inc. formed a partnership with Aon Plc to offer its small-business customers the ability to shop for and manage their insurance policies using the company’s digital-commerce platform. → Read More
Huntington Bancshares Inc. Chief Executive Officer Steve Steinour said there’s enough strength in the U.S. economy to allow it to power through the pandemic and inflation. → Read More
Corebridge plans to list its shares on the New York Stock Exchange under the symbol CRBG. → Read More
A Black loan underwriter who said he was fired due to racism alleges that U.S. Bancorp engaged in redlining -- discriminating against people of color when lending. → Read More
Cross River Bank is deepening its small-business offerings with the purchase of Betterfin, a startup backed by Reddit Inc. co-founder Alexis Ohanian. → Read More
Fintechs use conventional lenders for the mechanics of moving cash. → Read More
Spice, spice baby. → Read More
The roaring stock market means plans are fully funded, and by yearend the deals may total $30 billion. → Read More
(Bloomberg) -- California beaches in Northern Orange County were closed and wetlands contaminated by a huge oil spill caused by a broken pipeline off the... → Read More
The US is turning the corner on the most recent surge in COVID-19 cases and more people need to get vaccinated to keep infections on a declining trend, infectious disease specialist Anthony Fauci said. → Read More
New York's financial district has been transformed in the 20 years since the attacks of 9/11 → Read More
Fintech companies have brought back an old-fashioned way of lending, and now even Apple and Goldman are getting in on the action. → Read More
Civil rights lawyer and progressive favorite Maya Wiley conceded the race to be New York City’s next mayor on Wednesday, a day after the Democratic primary was called for rival Brooklyn Borough President Eric Adams. → Read More
Deutsche Bank AG’s female employees in the U.S. represent about 21% of the firm’s top ranks and Black people account for around 5%, according to data released by the bank for the first time Friday. For the U.S. as a whole, 37% of staff are women and 8% are Black. There were no Asian or Latinx employees among senior and executive leadership, even though Asian people represent almost 28% of the… → Read More
Activists seeking to end secret hearings for harassment complaints against banks claimed a victory of sorts last month when they got almost half of Goldman Sachs Group Inc. shareholders to back their proposal. → Read More
Also today: What happens after the plywood comes down, and Canada’s largest cities could ban handguns. → Read More