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...The event highlighted the US scheme, which has attracted interest from Amazon, Mastercard and Bank of America but is still seeking corporate buyers for its credits....
...It is under scrutiny by officials at the US Treasury department and has come under pressure from the European Central Bank to pull out of Russia....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...“Non-disbursement of the budget support from the World Bank will derail the IMF programme....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...See our coverage of the latest savings and investment issues....
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...The Department of State on Friday said it was designating Ben Zion Gopstein, the founder and leader of Lehava, over his organisation’s role in acts or threats of violence against Palestinians....
...Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue....
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...Citi, JPMorgan and Bank of America have all gotten in....
...“The bulk of this cryptocurrency came from dark net marketplaces and was tied to illegal narcotics, computer crimes, identity theft and child sexual abuse material,” the justice department said....
...Shohei Ohtani’s former interpreter was charged with fraud by the US justice department and accused of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account to pay off gambling...
...JPMorgan, Bank of America, Citigroup and Wells Fargo all reported quarterly earnings on Friday. JPMorgan was alone among the group in posting record net profits for the year of $49.6bn....
...Since the only asset of the Sorrento affiliate was a bank account created days before filing, that was enough. Why did Sorrento want to file in Houston?...
...Only 17 per cent of the fund managers polled by Bank of America expect a so-called hard landing — which typically implies a recession — for global growth, the smallest proportion in 19 months....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...department said on Monday....
...The US Department of Justice last week charged Mizuhara with bank fraud, describing Ohtani as a victim in the case and alleging that his former interpreter had wired $16mn from Ohtani’s accounts to cover...
...Based on the price of these options, strategists at Bank of America say markets are now pricing in a more than 10 per cent chance of such a scenario within the next six months....
...The First Department, a collective of lawyers dealing with cases of alleged treason and espionage in Russia, said the woman was Ksenia Khavana, 32....
...Inflation last year ran at 30 per cent, according to the central bank, and there are frequent power blackouts and shortages of food and medicine....
...The federal labour department expects the number of bank tellers in the US will shrink 15 per cent between 2022 and 2032....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...In 2022, Glencore pleaded guilty to multiple counts of bribery in Africa and Latin America to access oil and received penalties of more than $1bn....
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