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Bank CEOs tell Congress they'll work to avoid foreclosures

17 days ago   |   By Chron

WASHINGTON - The chief executives of the nation's largest banks went in front of Congress for a second day Thursday, facing questions ranging from bitcoin to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer.
The House hearing comes after senators on Wednesday questioned the six CEOs on topics including climate change, voting rights and racial inequities. H ouse members spent much of Thursday's hearing asking detailed industry policy questions.
This was the second hearing Rep. Maxine Waters, D-California and chairwoman...
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Bank CEOs return to testify in front of divided Congress

18 days ago   |   By Chron

WASHINGTON - The chief executives of the nation's largest banks are back in front of Congress, where they are likely to face another round of questioning reflecting the deep partisan divide between Democrats and Republicans.
The House's hearing Thursday comes after senators on Wednesday questioned the six CEOs on topics ranging from climate change, voting rights to racial inequities.
It is is the second hearing Rep. Maxine Waters, D-California and chairwoman of the House Financial Services Committee, has held since Democrats took control of the House in 2019. In the earlier hearing, many...
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Maxine Waters questions big bank CEOs on loans for minority homeowners

18 days ago   |   By CNBC

Rep. Maxine Waters , committee chairwoman, begins the questioning of big bank CEOs Jamie Dimon, J.P. Morgan; Jane Fraser, Citigroup; Brian Moynihan, Bank of America; Charles Scharf, Wells Fargo; and James Gorman, Morgan Stanley, as they testify before the House Financial Services Committee.
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This startup has raised $45 million with the promise it can eliminate the...

This startup has raised $45 million with the promise it can eliminate the biggest pain points in using Amazon or Shopify and help retailers like Dollar General crack into e-commerce

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How Revolut Business Is Making Life Easier For Start-Ups And SMBs

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Here's What Bill Gates Thinks You Should Read This Summer

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Surprise! Highly vaccinated areas have fewer COVID infections

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Trump Organization CFO Allen Weisselberg worried about prosecutors getting...

Trump Organization CFO Allen Weisselberg worried about prosecutors getting his financial documents in 2018, ex-daughter-in-law says

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NY Asks SEC to Seek Climate Related Financial Risk Information From Companies

The New York Department of Financial Services is calling on the U.S. Securities and Exchange Commission to establish climate change disclosure requirements for publicly traded... Read more ...

Reality Winner, the ex-NSA contractor convicted of leaking a report about...

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Foot Locker will close all of its stores and warehouses on Thanksgiving

A line of customers waiting outside Foot Locker in Manhattan, New York in 2020. Jeenah Moon/Getty Images Foot Locker will be closed on Thanksgiving this year. Other retail... Read more ...

GameStop's outgoing CEO just made $36 million cashing in 121,000 shares...

GameStop's outgoing CEO just made $36 million cashing in 121,000 shares after the stock's dizzying rally

Summary List Placement GameStop's outgoing Chief Executive Officer George Sherman took home $36.7 million after selling part of his stake in the company. Sherman, who will be... Read more ...