Max Reyes
Washington Post
Boston, MA, United States
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Past articles by Max:
Fintechs’ Lax Oversight Enabled PPP Fraud, Report Says
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
Dimon Defends Need for Fossil-Fuel Investments to Congress
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
Bank Behind Fintech’s Rise Reels in Billions in Pandemic’s Wake
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
Neobanks Are Struggling to Make Good on Their Lofty Promises
Some offers of high rates and low fees have strings attached. → Read More
PayPal, Aon Partner to Offer Insurance Through Payments Platform
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 CEO Sees ‘Resiliency’ in Face of Inflation
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
AIG Files for IPO of Retirement Business, Renames It Corebridge
Corebridge plans to list its shares on the New York Stock Exchange under the symbol CRBG. → Read More
Ex-U.S. Bancorp Employee Alleges Racist Lending Practices
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 Acquires Ohanian-Backed Fintech Betterfin
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
Silicon Valley’s Hottest Money Apps Depend on Old-School Banks
Fintechs use conventional lenders for the mechanics of moving cash. → Read More
Dune Is the Sci-Fi Epic Commodities Traders Have Always Wanted
Spice, spice baby. → Read More
Companies Decide the Time Is Right to Offload Pensions to Insurers
The roaring stock market means plans are fully funded, and by yearend the deals may total $30 billion. → Read More
Massive Oil Spill Washes Up on Southern California’s Beaches
(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
Fauci says US is turning the corner on latest COVID-19 surge
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
Wall Street's Transformation in Two Decades Since 9/11 Attacks
New York's financial district has been transformed in the 20 years since the attacks of 9/11 → Read More
‘Buy Now, Pay Later’ Installment Plans Are Having a Moment Again
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
NYC’s Wiley Concedes After Democratic Primary Called for Adams
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 Says Women Hold Nearly 21% of Top U.S. Roles
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
Wall Street’s Grip on Secret Harassment Hearings Starts to Crack
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
CityLab Daily: The Big Dreams of an NYC-to-Boston Bullet Train
Also today: What happens after the plywood comes down, and Canada’s largest cities could ban handguns. → Read More