Banking

Many bankers are finding they can do their jobs without the cost of frequent flying or time wasted in airports thanks to videoconferencing and other technology that has become ubiquitous during the lockdowns resulting from coronavirus pandemic.

Officers said there was a greater demand for business loans from medium and large firms.

The bank will release full details of its earnings results on Wednesday as scheduled.

In 1998, Jamie Dimon was forced out of his role as president of Citigroup. By 2005 he was the CEO of JPMorgan Chase.

There were more than 1.7 million loans approved in the first round of the program

Ten of the world's largest banks, including JPMorgan Chase (NYSE:JPM) and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.

In an op-ed, Minneapolis Federal Reserve Bank President, Neel Kashkari, said that raising that amount from private investors today would ensure that large banks can support the economy over a broad range of virus scenarios.

Thousands are checking their accounts for any updates as to the deposit of their new coronavirus stimulus checks

The change highlights how banks are quickly shifting gears to respond to the darkening U.S. economic outlook.

The investment bank's chief said he began experience flu-like symptoms in mid-March and later tested positive for the disease.

To help customers in the midst of the coronavirus pandemic, the nation's largest bank introduced measures like waivers for late fees and a 90-day grace period for mortgage payments

The Federal Deposit Insurance Corporation announced late Friday the closing of the First State Bank, based in Barboursville, West Virginia.

The company joins several banks and other brands helping employees.

Banks are rolling out hardship programs for cardholders financially slammed by the coronavirus pandemic.

In a letter to bankers a number of agencies, including the Federal Reserve and the FDIC, pushed banks to offer small-dollar loans to customers subject to coronavirus-related financial need.

Financial website NerdWallet offers a review of going digital.

Banks around the country are adapting to the coronavirus pandemic by asking patrons to make appointments, going drive-through only and even closing down locations as they continue to operate.

The government alleged the bank's employees opened fake accounts for customers in order to meet aggressive sales targets.

The pay increase will affect 20,000 of the bank's U.S. employees. The company says it wanted to issue the pay increase to better account for "the cost of living in each Wells Fargo market." 

The World Bank announced Wednesday that it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus.