Court Turns Down Age Discrimination Claim, Cites Performance
That's what Ramona DeBra said happened at JPMorgan, where she was a teller. As she neared 60, the Michigan branch let her go.
Category Archives: Banking
Colombians vote on anti-corruption referendum
Colombians are voting Sunday in a first-of-a-kind referendum that aims to curb corruption in a country where white-collar criminals are fast replacing drug gangs and paramilitary groups in penetrating the upper echelons of power. The referendum seeks to slash the salaries of Colombia's Congress members and to bring laws that make public spending more efficient and transparent.
Future at hand
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Deerfield rail yard good site for solar farm
Pan Am Railways is looking into building a 20-acre solar farm at the East Deerfield rail yard.
Wells Fargo will pay $2.09 billion penalty over mortgages linked to financial crisis
Wells Fargo has agreed to pay $2.09 billion to settle a government probe into the bank's creation of mortgages riddled with flaws that the U.S. Department of Justice said contributed to the financial crisis that helped unleash the Great Recession, the government announced Wednesday. Wells Fargo has agreed to pay $2.09 billion to settle a government probe into the bank's creation of mortgages riddled with flaws, which the U.S. Department of Justice said contributed to the financial crisis that helped unleash the Great Recession, the government announced Wednesday.
Dimon, Corbat-led group criticize Trump immigration policy
A leading bank CEO condemned the Trump administration's "zero-tolerance" immigration policy that led to more children and parents being separated at the U.S.-Mexico border, as did a New York nonprofit co-led by another big-bank chief. President Donald Trump signed an executive order on Wednesday ending the family separations but other immigration issues remained unresolved.
Dollar May Face Downside in Longer Term, JPMorgan’s Cavenagh Says
Jonathan Cavenagh, head of currency strategy for emerging Asia at JPMorgan Chase & Co., talks about the upcoming meeting between President Donald Trump and North Korean leader Kim Jong Un, the Group of Seven meeting, Federal Reserve policy, and the potential implications for the currency markets. He speaks with Yvonne Man and Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East."
Stratos Wealth Partners LTD. Sells 2,867 Shares of Ishares Lehman 20 Year
Stratos Wealth Partners LTD. decreased its position in Ishares Lehman 20 Year by 18.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
Former New Orleans mayor to be honored with JFK Library’s Profile in Courage award on Sunday
Former New Orleans Mayor Mitch Landrieu will be honored with the 2018 John F. Kennedy Profile in Courage Award on Sunday in Dorchester at the John F. Kennedy Presidential Library and Museum.
Senate to vote next week on Trump pick for FDIC
The Senate is expected to vote next week on the confirmation of Jelena McWilliams to become the chair of the Federal Deposit Insurance Corp. The nomination of McWilliams, the chief legal officer at Fifth Third Bancorp, was approved by the Senate Banking Committee in February by a vote of 24 to 1, with only Sen. Elizabeth Warren, D-Mass., opposing the confirmation. On Thursday, Senate Majority Leader Mitch McConnell filed a cloture motion that sets up debate by the full Senate on the nomination.
Wells Fargo agrees to pay $480M to settle shareholder suits Source: AP
Wells Fargo said Friday it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices. The San Francisco-based bank said that the agreement is in principle, and must be approved by the court before it's finalized.
Wells Fargo agrees to pay $480M to settle shareholder suits – Fri, 04 May 2018 PST
A sign is seen Friday, Aug. 11, 2017, at a Wells Fargo bank location in Philadelphia. Wells Fargo says it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices.
Final week before primary election showdown Source: WSOC
Former pastor Mark Harris is back to challenge Robert Pittenger for the ninth Congressional District. While their respective websites can tell you where the candidates stand on issues, it's more difficult to understand "who" is funding these campaigns and how money factors into the race.
Engility (EGL) Stake Lowered by Millennium Management LLC
Millennium Management LLC trimmed its holdings in shares of Engility by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The firm owned 66,205 shares of the aerospace company's stock after selling 115,801 shares during the period.
Wells Fargo fined US$1b for mortgage, auto lending abuses
Wells Fargo will pay US$1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses. In a settlement announced Friday, Wells will pay US$500 million to the Office of the Comptroller of the Currency , its main national bank regulator, as well as a net US$500 million to the Consumer Financial Protection Bureau .
Barbara Bush brought plainspoken, grandmotherly style to DC
Barbara Bush didn't hesitate to tell people that her trademark pearl necklaces were fake. Americans liked that everything else about the snowy-haired first lady was real.
Old Second Bancorp (OSBC) Rating Reiterated by Keefe, Bruyette & Woods
's stock had its "hold" rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Tuesday, October 3rd. They presently have a $11.50 price objective on the financial services provider's stock.
Deutsche Bank Nominates John Thain to Supervisory Board
John Thain, who was also CEO of the New York Stock Exchange and President and Chief Operating Officer of Goldman Sachs GS, is currently a member of the board of directors of Uber Technologies. Deutsche Bank AG said on Wednesday, April 4, that it had proposed four new representatives of shareholders to sit on its supervisory board, including John Thain, in a reshuffle.
Migrants vital to Texas economy
While President Donald Trump continues to hammer the U.S.-Mexico border and illegal immigration, a recent study by the Federal Reserve Bank of Dallas said immigrants, especially those from Mexico and Central America, power the vast Texas economy. Trump said Monday morning that he hopes Mexico "will stop people from coming through their country and into ours, at least until Congress changes our immigration laws!" Those Central Americans Trump referred to make up 8 percent of the state's foreign-born population, the study said.
Fed raises rates, keeps forecast for 3 hikes in 2018
The Federal Reserve raised its key interest rate and kept its forecast for three hikes in 2018 amid modest inflation Fed raises rates, keeps forecast for 3 hikes in 2018 The Federal Reserve raised its key interest rate and kept its forecast for three hikes in 2018 amid modest inflation Check out this story on USATODAY.com: https://usat.ly/2DL2wlt Jerome Powell listens to President Trump announce him as Trump's nominee for Chair of the Board of Governors of the Federal Reserve System, in the Rose Garden of the White House in Washington on Nov. 2, 2017. If confirmed, Jerome Powell will succeed Janet Yellen as chair of the US central bank.