UBS and Bank of America units clear ECB stress test

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UBS and Bank of America units clear ECB stress test

An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said on Friday, clearing a hurdle for the banks to relocate activities to Europe from Britain. PHOTO: REUTERS.
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World's Least Favored Currencies Suddenly Became Global Leaders

… currencies tracked by Bloomberg. Those two currencies had previously led losses, sinking 31% and 21% respectively this year through mid-May.
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QuickBooks for work-at-home environments | NCET Biz Tips

Accommodations: The number of accounting and other staff that will need access to your software could change depending on your changing dynamics.
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Pa. Turnpike permanently going cashless immediately; 500 collectors losing jobs

The Pennsylvania Turnpike Commission decided Tuesday that it will permanently switch to cashless tolling immediately and begin laying off about 500 toll collectors and office personnel who process the cash payments in two weeks. The agency, which has …
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Lands' End reports loss of $20.6 million for quarter as pandemic takes toll

Lands’ End’s turnaround predictably was set back by the COVID-19 crisis, with the company reporting a preliminary loss of $20.6 million for its quarter ended May 1. Revenue fell to $217 million in the recent quarter, down from $262.4 million for the …
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