Banks

NEWS

Deposits Dwindle at Major Banks While Regional Banks Gain Momentum in Second Quarter

During the second quarter, an unexpected trend emerged in the banking sector as the industry’s giants, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, experienced significant declines in deposits, losing a combined net amount of $262 billion compared to the previous year. Meanwhile,

NEWS

Wells Fargo Ends Lines Of Credit, Leaving Account Owners In The Dust

Wells Fargo announced recently that they are shutting down all existing personal lines of credit within their company. The well-known bank is now no longer offering the product and shutting down those personal lines within the next few weeks. This has angered some customers as

ENTERTAIN

Archegos Capital, A Greek Tragedy

On March 26, 2021, the financial world awoke to the news that rattled some of Wall Street’s biggest players. To the outside world, and at the center of it all were some unfamiliar and obscure names—Archegos Capital and its Founder Bill Hwang. The word on

FINANCE

Has Corona Left Us Cashless?

As vaccines are rolled out across the country, I’m optimistic enough to say that we are at the beginning of the end of the Quarona season. The pandemic has killed businesses and financial markets across the world, but has it also killed cash? This may

FINANCE

Tactics That Banks Are Using to Take Money From You

“You want to tell me that we live in one big community? Don’t make me laugh. I’m livin’ in America, and in America, you’re on your own. America is not a country, it’s just a business. Now f**king pay me.” – Jackie Cogan, Killing Them

SOCIETY

Banks Exposed For Discriminating Against Black-Owned Businesses

Last week, many Chicago Chase Bank branches were closed temporarily as protesters called for racial equity and lending from the nation’s largest bank. The practice of denying various services by federal government agencies, local governments, as well as as the private sector based on race,