Forcing more U.S. banks to fund more of their loans and investments with long-term debt and less with deposits, could offer more protection for customers, columnist Liam Proud writes.
JPMorgan Chase & Co is cutting about 500 employees this week across its various departments, according to a person familiar with the situation who asked not to be identified discussing personnel matters.
Bank of America must face cardholder allegations that it bungled its response to unauthorized transactions on unemployment and disability benefits cards in California during the pandemic, a San Diego judge ruled on Thursday.