American Banker | Dave Martin | Jun 4, 2020 I often find myself on the opposing side when I hear “this changes everything” after any technology advances or new digital banking functions are rolled out. Of course, change is occurring in the banking industry. It has been evolving for decades and continues to do so
The majority of students and their families now say the coronavirus crisis has impacted their ability to pay for school, according to several reports.
A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) financed by Intesa Sanpaolo is crucial to safeguard Italy's economy, the head of the country's biggest bank said.
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.
World markets swung between hope and caution on Thursday as a another shot of European Central Bank stimulus was offset by still-troublesome U.S. data and general fatigue after a weeks-long rebound in risk appetites
The U.S. unemployment rate, which economists expect hit 19.8% in May, should be able to drop below 10% by the end of 2020 now that workers side-lined by coronavirus-related shutdowns are returning to work, U.S. Labor Secretary Eugene Scalia said on Thursday.
The U.S. government has worked to get $1,200 checks into the hands of as many Americans as possible in the past couple of months. But there is money still left. Here's what you can do if you still haven't received your payment.
American Airlines Group Inc shares jumped by 25% after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions caused by the coronavirus pandemic, flying more than 55% of its July 2019 domestic capacity.
"It's a little disheartening to see all the $1 to $3 stocks that people are gunning," CNBC's Jim Cramer said Thursday.
A bet on tech companies has been a solid one in the aftermath of the coronavirus-induced market crash, but some investors are questioning whether those stocks can maintain their momentum if jobs do not recover soon.
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
LVMH on Thursday said that Frederic Arnault, one of the younger sons of the luxury goods group's billionaire boss, would take over running watch brand Tag Heuer, joining his siblings in taking on bigger roles within the conglomerate.
A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) , financed by Intesa Sanpaolo , is crucial in terms of safeguarding Italy's economy, the head of the country's biggest retail bank said.
EBay Inc raised its current-quarter revenue and profit forecasts on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more through its online platform, sending its shares to a record high.
The U.S. economy may have hit its low point in the coronavirus crash but the rebound so far remains tepid, according to both broad indexes of activity and higher frequency counts of cellphone data and employee time information.