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Emily Flitter
Posts
Meet the Man in Charge of What Remains of Silicon Valley Bank
The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.
Maxine Waters Says Congress Should Raise Cap on F.D.I.C. Backed Deposits
Lawmakers should also revisit the 2018 rollback of regulations on midsize banks, Ms. Waters said in an interview.
US Virgin Islands Sues JPMorgan Over Jeffrey Epstein Sex Trafficking Scheme
A lawsuit says the bank helped conceal the exploitation of women and girls by the convicted sex offender Jeffrey Epstein.
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The Consumer Financial Protection Bureau cited improper overdraft fees, account freezes, auto repossessions and misapplied home loan payments that have harmed millions of consumers since…
New Suit Uses Data to Back Racial Bias Claims Against State Farm
Black customers have long claimed that the nation’s largest home insurer discriminates against them. A lawsuit claims a nine-month study provides some proof.
Where $30 Billion to Fix Systemic Racism Actually Goes
In 2020, JPMorgan pledged to invest significant resources in closing the racial wealth gap. Here is what the bank did, and what it looks like…
Goldman Sachs Restructures Its Divisions, Elevating Tech Offerings as Profit Falls
The bank will combine trading and investment banking into one unit; asset management, wealth management and consumer businesses into another; and its digital offerings in…
Bank of America’s Earnings Suggest U.S. Consumers Remain Strong and Active
Loan and deposit growth at the nation’s second-largest bank suggest that a possible global economic slowdown has not yet hurt many Americans.