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The latest headline leading today shows that JPMorgan Chase has agreed to pay $290 million to settle a lawsuit filed on their deceased financier Jeffrey Epstein who was accused of sex trafficking. Dav...
Wells Fargo said on Friday that its second-quarter earnings fell 48% from the same period last year as a result of the bank setting aside money for bad loans and being hurt by decreases in its equ...
JPMorgan Chase reported on Thursday that the bank's second-quarter profit fell as it increased reserves for bad loans by $428 million while discontinuing share repurchases. In a statement, he sai...
The Gathering Spot, a private membership network centered on the Black community, has been acquired by Greenwood, a digital banking platform for Black and Latino individuals and company owners.Greenwo...
In just reported second-quarter results, JPMorgan posted a $2.3 billion benefit from releasing $3 billion in loan loss reserves after the bank took $734 million in charge-offs. In the first quarter, t...
M&F Bank (OTCMKTS: MFBP) has received equity investments from four of the largest U.S. banks, which will help the bank grow its franchise and serve its underserved customers better.Betwe...
Ariel Investments, LLC on Wednesday announced the launch of its Ariel Alternatives and the Project Black initiative.The firm has secured a $200 million commitment from JPMorgan Chase, as it gradually ...
Warren Buffet’s Berkshire Hathaway (BRK) announced on Tuesday that it acquired an $8.6 billion stake in Verizon Communications (VZ) and $4.1 billion worth of shares in Chevron Corp. (CVX), according...
JPMorgan Chase third quarter earnings beat analysts’ earnings amid the reported September money laundering scandal that implicated the bank. Here’s how JPMorgan performed in the third-q...
JPMorgan Chase has pledged to support traditionally underserved Black and Latino communities with $30 billion to help close the U.S. racial wealth gap. The goal of the bank’s pledge is to ...