McDonald's, Nike, Boeing, Wells Fargo latest to share stance on pausing political donations after Capitol riots
A growing list of businesses are pausing or reviewing political contributions in response to efforts against the certification of the Electoral College and the Capitol riot by a group of Trump supporters that followed.
CEOs, business groups condemn Capitol Hill protests, violence and urge peace
Business leaders from Wall Street to Silicon Valley joined trade groups across the nation in calling for an end to the protests and violence on Capitol Hill.
Banks eye election unrest but plan to keep branches open
Like droves of businesses around the nation, some of the country's largest banks are bracing for the possibility of protests or riots that may occur following the presidential election.
Bank of America ends supplemental pay program as COVID-19 cases spike
The move comes a week after CEO Brian Moynihan stressed that the company's "number one" priority during the pandemic has been to "take care of the employees."
Kamala Harris cheers Wall Street support as big-money donors line up for Biden
America's biggest financial institutions are backing Democratic nominee Joe Biden, banking on a "blue wave" that will create jobs and boost the economy.
Deutsche Bank sets July 2021 office return date for U.S. employees
Deutsche Bank set an office return date of July 2021 for its U.S. employees on Wednesday as banks struggle with whether to bring workers back to Manhattan.
Wall Street working from home may stay that way
Brokers at UBS are under the impression they won’t have to return to work until April 2021, while Morgan Stanley, Goldman Sachs and the nation’s largest bank JPMorgan, are alerting roughly half their workforces that they may not be coming back to their Manhattan offices until possibly well into next year.
US tech stocks currently worth $9T
U.S. tech stocks are now worth $9.1 trillion collectively.
Warren Buffett beefs up Bank of America stake
Warren Buffett's Berkshire Hathaway is building a bigger Bank of America stake
Morgan Stanley profit jumps 45% on trading boom
Morgan Stanley posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.
Bank of America earmarks $4B for coronavirus loan defaults
Net income of $3.5 billion, or 37 cents a share, still topped the 27-cent average estimate from analysts surveyed by Refinitiv. Both JPMorgan Chase and Citigroup posted double-digit profit declines earlier this week after shoring up reserves.
These Washington Redskins corporate sponsors are pressuring team to change name
Companies have stepped up pressure on the franchise since earlier this week, when a group of 87 investment firms and shareholders demanded that PepsiCo, Nike and FedEx cut ties with the team unless officials agree to change the name.
As George Floyd protests rage, Bank of America pledges $1B to address racial inequalities
The novel coronavirus has disproportionately hit African-American communities.
Small business owners applying for coronavirus aid may have had personal info exposed in data breach, Bank of America says
Applicants may have had personal information, including their Social Security number, address and phone number, exposed.
Bank of America CEO says stimulus measures beginning to boost consumer spending
Congress has passed four massive stimulus packages to blunt the economic pain from the virus outbreak.
Lawsuit claims 10 big banks rigged market for 'odd-lot' U.S. corporate bonds
Ten of the world's largest banks, including JPMorgan Chase (NYSE:JPM) and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.
Wells Fargo, Chase sued over handling of Paycheck Protection Program loans
By reshuffling applications to frontload businesses seeking higher loans, Chase, along with other big banks, received nearly $6 billion in processing fees.
U.S. banks prepare to seize energy assets as shale boom goes bust
Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.
Mnuchin 'excited' over SBA loan start
A senior Treasury official says 17,500 loans worth $5.4 billion were awarded by close of business on Friday, with 1,100 banks participating.
Bank of America to offer mortgage relief during coronavirus crisis
The payments will then be added to the end of their loan