Banks Should Suspend Dividends: Former FDIC Chair Bair (Radio)

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Banks Should Suspend Dividends: Former FDIC Chair Bair (Radio)

BLOOMBERG OPINION: Sheila Bair, former Chair of the FDIC, discusses her column: “Banks' Risks During the Pandemic Aren't Clear.” Hosted by
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Fintech disruptor SoFi wants to become a national bank — again

SoFi has filed an application for a national bank charter, which would allow it to accept deposits and lend money without traditional bank partners. The fintech company previously applied for a bank license in June 2017 with the FDIC. Current CEO Anthony …
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US Economy May Be Stalling Out as Viral Outbreak Worsens

WASHINGTON (AP) — The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country. Coronavirus case counts are rising in 38 states, …
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Tax Fraud Blotter: Laundry day

The accounts were used to launder more than $1,866,000 in stolen refunds. Martirosyan also admitted to filing a false federal income tax return for
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Uber-Postmates merger will only deliver bad tiding for restaurants, consumers

In business, few things are more challenging these days than running a profitable local restaurant. National consolidation of banks means there are few lenders willing to make loans to local restaurants. The best locations are controlled by publicly-traded real …
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