Wall Street banks see economic boom in Q2 2021

Wall Street banks see economic boom in Q2 2021

By Anna Domanska - Jul 15, 2021

“Banks will be tested,” cautioned a McKinsey report from March 2020. The economic fallout of the Covid-19 pandemic has toppled the global balance. Times are changing now.  Ame

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Wells Fargo forgoes revolving credit facility

Wells Fargo forgoes revolving credit facility

By Anna Domanska - Jul 12, 2021

Wells Fargo has decided to end its revolving credit facility for customers and will shut down the existing ones too in the coming weeks. “Wells Fargo recently reviewed its produc

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Global ETFs reach a new record of $359.2bn in 3 months of '21

Global ETFs reach a new record of $359.2bn in 3 months of '21

By Anna Domanska - Apr 15, 2021

Global economy recovery is well on its path going by the money being put in the exchange traded funds, especially in the last quarter. A trillion dollars has entered the traded fun

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Bank of America makes a windfall in trading revenue during Texas blackout

Bank of America makes a windfall in trading revenue during Texas blackout

By Anna Domanska - Mar 08, 2021

The Texas electric grid failure in the severe winter storms last month brought a windfall for the Bank of America in hundreds of millions of dollars in trading revenue from the Tex

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Google Launches Android Pay, Its Mobile Payments Service in the US

Google Launches Android Pay, Its Mobile Payments Service in the US

By Anna Domanska - Sep 11, 2015

On Thursday, Google announced the official launch of Android Pay, a move to grab a chunk of the growing market for mobile payments. The search giant announced in a blog post tha

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Discover Financial Tops in JD Power's 2015 Credit Card Satisfaction Study

Discover Financial Tops in JD Power's 2015 Credit Card Satisfaction Study

By Christy Gren - Aug 22, 2015

In a setback for American Express, Discover has taken the title as America’s favorite credit card company. According to the JD Power 2015 U.S. Credit Card Satisfaction Study rele

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Dudley Warns U.S. Banks to Curb Culture that Breeds Misdeeds or Be Broken Up

Dudley Warns U.S. Banks to Curb Culture that Breeds Misdeeds or Be Broken Up

By Anna Domanska - Oct 21, 2014

William C. Dudley, president of the Federal Reserve Bank of New York, has warned banks to change the way employees are compensated and to undertake a few more measures to fix their

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Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

By Christy Gren - Sep 17, 2014

Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn by Virginia over sale of residential

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Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

By Carrie Ann - Aug 23, 2014

Goldman Sachs said on Friday that it has agreed to pay $3.15 billion, its largest bill yet to resolve a government lawsuit related to the financial crisis. The settlement is said

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