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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JPMorgan Chase to Shift $200 billion Assets out of UK

JPMorgan Chase to Shift $200 billion Assets out of UK

By Christy Gren - Sep 24, 2020

Banks and financial institutions are moving out of London as no trade deals seems to be on the horizon for Britain after exiting the EU

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JP Morgan is the New Kid on the Blockchain

JP Morgan is the New Kid on the Blockchain

By Anna Domanska - Feb 16, 2019

JP Morgan Chase on Thursday announced its ambitious plan to enter the blockchain business. The largest of America’s Big Four banks unveiled a digital coin system, called JPM Coin

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JP Morgan Chief: Brexit Could Lead to 4,000 Job Cuts

JP Morgan Chief: Brexit Could Lead to 4,000 Job Cuts

By Anna Domanska - Jan 26, 2018

JP Morgan’s chief executive officer, Jamie Dimon has warned that a cut of over 4,000 jobs in the UK would be inevitable after Brexit if common rules of banking are not agreed by

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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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News Corp Approves its Plan to Split

News Corp Approves its Plan to Split

By Christy Gren - Jul 21, 2012

One of the biggest news that has swept the world of entertainment and media recently is the idea of the News Corp. to split its business in two halves. As per the reports of the Wa

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JPMorgan Chase Corporate Challenge: The biggest Networking Party of the year.

JPMorgan Chase Corporate Challenge: The biggest Networking Party of the year.

By Carrie Ann - Jun 21, 2012

35 years of walking hand in hand, over 7,50,000 people from businesses and corporations over all these years, more than 7000 different companies across the globe, and a single moti

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Dropping Deutsche Bank Q1 Profit after Crisis Reduces Trading

Dropping Deutsche Bank Q1 Profit after Crisis Reduces Trading

By Dhwani Shah - Apr 26, 2012

Deutsche Bank AG reported a fall in its first-quarter net profit by one-third from a record level a year earlier. Deutsche Bank blames this on the sluggish client activity, which h

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