With retail and apartment vacancies rising and rents falling, and with the prospect of employers cutting their office space looming, the question is whether the hundreds of millions of dollars the banks have set aside for commercial-property loan losses will be enough. An epicenter of Covid-19, the city shut down […]
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As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The news […]
Brian Moynihan, the chief executive of Bank of America. REUTERS/Joshua Roberts Speaking at the Barclays Global Financial Services Conference on Tuesday, Bank of America CEO Brian Moynihan and Jennifer Piepszak, JPMorgan’s CFO, both spoke about customers’ increasing reliance on digital banking tools. Moynihan said that the pandemic had accelerated already-burgeoning […]
The Federal Reserve Bank of Boston has entered into a partnership with the Massachusetts Institute of Technology to better understand the concept of digital currencies. The bank will work with MIT researchers on a multiyear project to develop and test the use cases of a “hypothetical” central bank digital currency […]
David Edelstein, George Gleason and 918-920 Lincoln Road (Google Maps) Bank OZK is seeking to foreclose on a Lincoln Road property owned by developer David Edelstein. The Little Rock, Arkansas-based bank, one of the most aggressive commercial real estate lenders in the country, is looking to collect on the $12.8 […]
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Share Tweet Share Share Share Print Email The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The U.K.’s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what […]
Central bank digital currency (CBDC)—fiat currency issued by central banks in digital form—has progressed in the past few years from a bold speculative concept to a seeming inevitability. More than 80 percent of central bank respondents to a Bank for International Settlements survey in 2019 reported engagement in CBDC projects. […]
Richard Drew/Associated Press WWE has been forced to think outside of the box in light of the COVID-19 pandemic. On Friday, the organization announced it would be holding its next pay-per-view—Money in the Bank on May 10—at its corporate headquarters in Stamford, Connecticut. WWE @WWE BREAKING: WWE Superstars will climb the […]
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Menu Contact Search The SBFC helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The SBFC has several programs to support small business, including a Disaster Relief Loan Guarantee, a Jump Start Loan Program and more. California Disaster Relief Loan Guarantee Program — COVID-19 The […]
Bank Rules Out Thermal Coal and Arctic Oil Projects, Commits to Exit Coal Mining San Francisco– Today, Goldman Sachs announced the strongest fossil finance restrictions of any major U.S. bank, though it still lags behind its leading global competitors. It also remains far from alignment with what is needed to limit climate change […]
Loans, lines of credit and credit cards are subject to credit approval. Only deposit products are FDIC insured. Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of BB&T Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by […]
For decades, the Federal Reserve has published data on the money supply, and for many years the Fed set targets for money supply growth. In the past two decades, a number of developments have broken down the relationship between money supply growth and the performance of the U.S. economy. In […]
Ethan Miller/Getty Images Royal Farms Arena in Baltimore announced Thursday it has canceled the WWE Money in the Bank pay-per-view that was originally scheduled for Sunday, May 10. Royal Farms Arena @RoFoArena A very special message to our devoted WWE FANS from the WWE ➡️ https://t.co/ChQY3WyJ5d https://t.co/wmDHvc87bI The state of […]
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