Complaints about unfair and unexplained closures are rising. Banks say they never close accounts for political reasons.
Two other major lenders, Bank of America and Citi, face accusations of discriminating against customers over their political and religious beliefs, The Wall Street Journal reported on Wednesday.
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.
The RMR Group entered into a new $100 million senior secured revolving credit facility. The initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option,
Led by the California Mortgage Bankers Association, five lenders have made commitments to provide mortgage relief for the victims of the
President Donald Trump accused banks of discriminating against conservatives. JPMorgan Chase and Bank of America denied the debanking claims.
Technology, banking, and oil companies are the biggest beneficiaries of Trump’s policies, in contrast to renewable energy and labor-intensive companies
Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.
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NEOM Co. successfully completed a financing deal with the Italian Export Credit Agency (SACE), securing approximately $3 billion (equivalent to SAR 11
Citigroup is reorganizing its private banking division, with regional heads now reporting to Andy Sieg, the bank's new wealth management chief.
Payment history helps build trust with lenders. It’s the most significant factor at 35% of one’s credit score. Late or missed payments can stay on your credit report for several years. This can affect your ability to qualify for loans, credit cards or low interest rates.