Rep. Ayanna Pressley (D-Mass.) is calling on five major U.S. banks to provide updates on the racial equity pledges they unveiled following the surge in Black Lives Matter activism in 2020. In letters sent Wednesday to the CEOs of JPMorgan Chase, Citigroup, Bank of America, U.S. Bancorp and Wells Fargo, Pressley asked for a “comprehensive… Continue reading Rep. Ayanna Pressley presses big banks on the status of over $32 billion in racial equity pledges
Tag: banks
NatWest customer calls bank’s handling of breach of his data ‘disgusting’
A NatWest customer has praised a whistleblower for informing him that his personal data had been breached, describing the bank’s handling of the issue as “disgusting”. In the same way another former customer who contacted Computer Weekly earlier, the second NatWest customer to make contact with Computer Weekly was also offered £200 compensation by… Continue reading NatWest customer calls bank’s handling of breach of his data ‘disgusting’
Black lenders look to tap hidden strengths in a tough year for small banks
From a spate of bank failures to rising interest rates, this year’s headwinds for smaller lenders have hurt but not halted Black-run banks’ progress. Since Signature and Silicon Valley banks collapsed in March, followed by First Republic in May, many regional and midsize lenders have been on shaky ground. Some stock prices have wobbled as… Continue reading Black lenders look to tap hidden strengths in a tough year for small banks
Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators
U.S. regulators on Tuesday announced a combined $549 million in penalties against Wells Fargo and a raft of smaller or non-U.S. firms that failed to maintain electronic records of employee communications. The Securities and Exchange Commission disclosed charges and $289 million in fines against 11 firms for “widespread and longstanding failures” in record-keeping, while the Commodity Futures Trading Commission also said… Continue reading Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators
Rise in fraudsters spoofing the websites of leading UK banks
Despite their best efforts to get on top of the problem, some of the UK’s biggest retail banks continue to find their brands being abused and spoofed by cyber criminal fraudsters and scammers, according to data compiled by BrandShield, a supplier of brand protection technology services. BrandShield’s researchers set out to explore the breadth… Continue reading Rise in fraudsters spoofing the websites of leading UK banks