Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Police tried to defuse the situation at a Bank of America branch, but the suspect took two hostages and held a knife at one’s throat
A robber at a Florida bank took hostages after law enforcement arrived and was killed by a sheriff’s sniper as he held a woman in a headlock with a knife to her throat, authorities said.
Negotiators tried to defuse the situation on Tuesday at a Bank of America branch in Fort Myers, but the suspect instead took two hostages in the building, Carmine Marceno, the Lee county sheriff, said.
Increase to 4.5% will be last rise in current cycle, former rate-setter Michael Saunders predicts
The Bank of England is likely to increase interest rates one more time in May, to 4.5%, before inflation falls “sharply” over the rest of the year, a former rate-setter has predicted.
Michael Saunders, who was a member of the monetary policy committee until August, said the UK was nearly at a “turning point” for interest rates, which have risen sharply over the past year as policymakers tried to curb a surge in prices caused by an increase in energy costs.
Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo
Hundreds of older Americans gathered in Washington on Tuesday to protest against four of the country’s largest financial institutions, cutting up their credit cards in an act of defiance meant to condemn the banks’ funding of oil and gas projects.
The protesters marched to the downtown DC branches of the four targeted “dirty banks” – JPMorgan Chase, CitiBank, Bank of America and Wells Fargo – before staging a “die-in” to symbolize the global threat posed by fossil fuels. In a nod to the age of the protest’s participants, demonstrators sat in painted rocking chairs as they chanted “Cut it up!” to those slashing their credit cards outside the banks’ branches.
Bonus pool could be slashed by up to 40%, in possibly the lender’s largest cut to payouts since the financial crisis
Goldman Sachs bankers are reportedly at risk of having their bonus pool slashed by up to 40%, in what could be the lender’s largest cut to payouts since the 2008 financial crisis.
The bank is still in the process of deciding the size of its bonus pools for 2022, but the prospective cut could mean its 3,000 investment bankers endure the most significant drop in variable pay among their peers, according to the Financial Times, which first reported the news.
Morgan Stanley and six others committed in April to raise $13bn in debt to finance the purchase – before a deterioration in credit markets
Several large US and international banks would lose $500m or more if they proceed with obligations to fund Elon Musk’s $44bn takeover of Twitter, according to a report on Saturday.
The banks, led by Morgan Stanley and six others, including Barclays and Bank of America, committed six months ago to raise $13bn in debt to finance Musk’s purchase – an agreement that does not hinge on whether they are able to sell the debt on to investors.
Tech firms and banks, including Bank of America, Goldman Sachs, Citigroup and JPMorgan Chase, add ‘critical healthcare’ package
Many US corporate giants have moved swiftly to provide support and financial assistance to employees seeking abortions in states that outlawed the procedure following the US supreme court’s decision on Friday to overturn its landmark Roe v Wade ruling.
With potentially millions of women soon looking to cross state lines for the procedure, many employers have added “critical healthcare” packages to employees benefit packages.
Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement
The world’s largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis.
The US bank JP Morgan Chase, whose economists warned that the climate crisis threatens the survival of humanity last month, has been the largest financier of fossil fuels in the four years since the agreement, providing over £220bn of financial services to extract oil, gas and coal.
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.
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.
Concerned about Bank of America's phase-out of a program that provided free checking, two Democratic members of Congress on Friday sought information about the banking giant's action. File photo taken in 2014 shows the corporate sign in front of a Bank of America branch office in Oakland, California.
Zuber, 59, currently serves as the E. A. Griswold Professor of Geophysics and the vice president for research at Massachusetts Institute of Technology , where she is responsible for research administration and policy. She chairs the National Science Board, having been appointed as a member by President Barack Obama in 2013.
The new acting chief of one of Washington's major banking regulators has agreed to stay away from issues involving dozens of former legal clients, including 14 banks that the agency oversees, according to his ethics agreement. Keith Noreika, who represented lenders as a private lawyer, plans to recuse himself from matters related to JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group Inc. and Citigroup Inc., firms the Office of the Comptroller of the Currency regulates. Democratic lawmakers had already questioned whether Noreika's close ties to the industry would prevent him from being an impartial watchdog.
In fact, real interest rates around the world are poised to fall in 2017 as inflation outpaces oncoming hikes in benchmark interest rates, creating a technical support that's expected to be a boon for the global hunt for yield. Global markets, in other words, will still be dancing to a looser monetary beat in the coming months in real terms.
A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals in New York rejected a petition by Manhattan U.S. Attorney Preet Bharara's office to have a three-judge panel rehear the case and give the government at least an opportunity to seek a new trial.
New York a A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank's actions during the 2008 financial crisis, prosecutors say. Prosecutors filed papers with the 2nd U.S. Circuit Court of Appeals in Manhattan late Thursday, saying that a three-judge appeals panel overlooked "a wealth of evidence" that the Charlotte, North Carolina-based bank sold thousands of toxic mortgage loans while misrepresenting them as investment quality.