Complaints about unfair and unexplained closures are rising. Banks say they never close accounts for political reasons.
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.
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.
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,
Led by the California Mortgage Bankers Association, five lenders have made commitments to provide mortgage relief for the victims of the
Trafigura is still chasing down the funds almost two years after news broke that it was on the hook for almost $600 million.
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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.
U.S. banks reach record highs on strong Q4 earnings, driven by lending income, cost-cutting, and deal-making. Goldman Sachs predicts continued growth.
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
M&T Bank, the top-ranking Western New York-based bank, saw a 9.87% increase in its loan portfolio, reaching $34.45 billion in 2024 from $31.35 billion the previous year. HSBC Bank USA N.A. ranked fourth, reporting a 5.02% increase in commercial and industrial loans, totaling $23.4 billion in 2024.