Complaints about unfair and unexplained closures are rising. Banks say they never close accounts for political reasons.
The RMR Group entered into a new $100 million senior secured revolving credit facility. The initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option,
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.
Two other major lenders, Bank of America and Citi, face accusations of discriminating against customers over their political and religious beliefs, The Wall Street Journal reported on Wednesday.
Led by the California Mortgage Bankers Association, five lenders have made commitments to provide mortgage relief for the victims of the
The legislation would block foreclosures and allow homeowners who’ve suffered financially due to the L.A. fires to freeze payments without penalty. Several major lenders have already reached agreement with Gov.
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
The Federal Reserve is likely finished with rate cuts for the foreseeable future, according to a Bank of America Corp. (NYSE: BAC) expert who spoke at a local event.
U.S. banks reach record highs on strong Q4 earnings, driven by lending income, cost-cutting, and deal-making. Goldman Sachs predicts continued growth.
Trafigura Group is seeking permission to subpoena Wall Street banks for information that might help the commodity trading giant track down the more than half a billion dollars it lost in an alleged nickel fraud.
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The last of the six major US banks recently exited the Net Zero Banking Alliance. These departures may have created a buzz, but we caution investors against being misled