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Treasury Secretary Steven Mnuchin and U.S. President Donald Trump attend briefing about the coronavirus outbreak in the press briefing room at the White House on March 17, 2020 in Washington, DC.

Big banks may have just killed the government’s $349 billion relief effort to save America’s devastated small businesses

The major program may be "dead on arrival" as lenders take issue with late rulings from the Treasury.

UK’s biggest banks were hit with a warning to freeze their dividends during the Covid-19 uncertainty or face formal action

Shares of UK's largest banks fall after they suspended outstanding dividends and agreed to no payments until the end of 2020.

Americans are taking out cash like mad and bleeding ATMs dry. Here’s why that’s a bad idea.

"A single dollar bill can be home to as many as 3,000 different bacteria and has changed hands upwards of a thousand times," said the CBA.

Goldman Sachs, JPMorgan, and 6 other banks suspend share buybacks to deal with ‘unprecedented challenge’ from the coronavirus outbreak

The announcement from the big lenders comes just as the Fed announced a 100-basis-point rate cut to near zero.

Goldman Sachs ex-CEO Lloyd Blankfein predicts a ‘quick recovery’ for markets from coronavirus

The former bank chief argued the strong US economy, well-capitalized banks, and manageable leverage levels would underpin a rebound.

JPMorgan sees $28 billion in market value erased as Jamie Dimon’s emergency heart surgery adds to broader market woes

JPMorgan shares tumbled in Friday's session alongside the broad market sell-off. The S&P 500 wiped out its month-to-date gains after opening down 3%.
Elizabeth Warren pressed Michael Bloomberg on his company's treatment of women

Elizabeth Warren tore into Bloomberg at the Democratic debate for linking the end of a discriminatory housing practice to the 2008 financial crisis

Bloomberg appeared to call his own assessment "exactly wrong" and blamed Wall Street for the housing collapse.

Big banks have saved $32 billion from Trump’s tax cuts, report says

The nation's six top banks saved $18 billion in 2019 as a result of the Tax Cuts and Jobs Act, according to an analysis by Bloomberg News.

Goldman Sachs misses profit forecasts as legal costs double to more than $1 billion

The bank posted a strong quarter for trading, but the impact was muted by a $1.1 billion legal charge amid a pending settlement for the 1MDB scandal.

Bank of America 4Q earnings beat Wall Street’s profit forecasts as sales and trading revenue jumps

The banking titan posted lower revenue and net income in three of its four main divisions, while sales and trading drove growth in global markets.