Insurers must pay many small firms for Covid lockdown losses
BBC News· 22 hours agoTens of thousands of small businesses will receive insurance payouts covering losses from the first...
Higher job losses among young workers not good for economic recovery: CMIE
MSN News· 18 hours agoAs per the latest CMIE report, there were job losses in younger age groups, those below 40 years of...
Coronavirus Claims Lives of Two Los Angeles County Superior Court Employees - MyNewsLA.com
My News LA· 2 hours agoA Los Angeles County Superior Court traffic clerk and court interpreter died this month from...
Fed’s Rosengren Calls Biden Stimulus Plan Big Yet ‘Appropriate’
Bloomberg· 14 hours agoBiden’s request for $1.9 trillion in economic relief is needed as growth shows signs of slowing....
Expecting billions in losses during short season, NHL's Gary Bettman says 'it would be cheaper for...
ABC News· 4 days agoRegarding the losses, Bettman said: "The magnitude of the loss starts with a B. We're out of the M range and into the B." ESPN previously reported that ...
Optimistic US big bank chiefs release $5bn from reserves
Al Jazeera· 11 hours agoJPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. — cut their combined reserves for losses...
Wells Fargo - When to Buy the Dip After Earnings Stumble
TheStreet.com· 16 hours agoWells Fargo was one of three major banks that kicked off earnings season on Friday, joining JPMorgan...
Wells Fargo’s Provision For Credit Losses Drops
PYMNTS.com· 14 hours agoWells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823 million.
Citigroup beats analysts’ profit estimates as bank releases money set aside for loan losses
CNBC· 22 hours agoCitigroup on Friday posted fourth-quarter results that beat analysts' estimates for profit as the firm joined rival JPMorgan Chase in releasing reserves for loan losses. Citigroup ...
ECB Warns Banks Have Yet to Fully Feel Pandemic’s Impact
Bloomberg· 1 day agoThe full effect of the pandemic crisis on euro-area banks has yet to be felt as policy support so...