Wells Fargo shares jump after Fed reportedly approves bank’s overhaul plan

A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo shares popped more than 4% Wednesday after the Federal Reserve reportedly signaled it will accept the bank’s plan to overhaul its governance […]

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Bitcoin poses no threat to the dollar as the world’s currency leader, Fed’s Bullard says

St. Louis Federal Reserve President James Bullard told CNBC on Tuesday he believes that increasing interest in bitcoin does not pose a serious threat to the U.S. dollar as the world’s reserve currency. “I just think for Fed policy, it’s going to be a dollar economy as far as the eye can see — a […]

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Chase doubles housing grant program as American banks reckon with low minority homeownership

A ‘Sold’ sign stands outside of a home in Seattle, Washington. David Ryder | Bloomberg | Getty Images The early days of Guadalupe Mora’s search for a new home were exhausting. A health-care technician at a Department of Veterans Affairs hospital, Mora slowly saved up more than $15,000 to move out of her two-bedroom mobile […]

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Bank of America names the emerging market currencies to back as inflation risks mount

A woman takes photos of the container ship Ever Legacy being offloaded after arriving from Taipei at the Port of Los Angeles, which is the nation’s busiest container port, on March 6, 2020 in Terminal Island, California. Mario Tama | Getty Images With global demand returning and supply bottlenecks likely to drive up shipping, food […]

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