Banking Sector

Atlanta’s Black-owned Citizen’s Trust Bank Experience a Surge in New Customers

Atlanta’s Black-owned Citizen’s Trust Bank Experience a Surge in New Customers

Citizens Trust Bank based in Atlanta which is almost a century old black-owned bank saw a recent surge in new customers which it has never experienced in the past.

The main push came after a celebrity rapper, Killer Mike, called for African-Americans to join up their protests with their money.

Big Banks are Expected to Report Lower Earnings Owing to Low Interest Rates and Brexit Effect

Big Banks are Expected to Report Lower Earnings Owing to Low Interest Rates and

This week, the big U.S banks will begin to report their second quarter earnings.  JPMorgan Chase will start the chain of bank earnings report. In the reports, the market will search for clues about how the industry has been affected by 'Brexit' and the shifts in the global economy.

CIBC has Agreed to Buy PrivateBancorp in $3.8 Billion Cash and Stock Deal

CIBC has Agreed to Buy PrivateBancorp in $3.8 Billion Cash and Stock Deal

Toronto, Canada based Canadian Imperial Bank of Commerce (CIBC) agreed on Wednesday to buy PrivateBancorp Inc. based in Chicago for $3.8 billion cash and stock deal.

Report Shows Large Number of Americans still Prefer Receiving Credit Card Statements on Paper

Report Shows Large Number of Americans still Prefer Receiving Credit Card Statem

Even in the age of easy access to the Internet, a survey showed that large number of Americans still likes to get their credit card statements on the good old way; printed on paper.

 

Bank of America may slash 8,400 jobs at consumer business

Bank of America may slash 8,400 jobs at consumer business

There are indications that the Bank of America might be planning to cut around 12 per cent of staff at its consumer business, which is around 8,400 people as the financial giant works to maintain p

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