Industries

Financial Services

Big U.S. banks to report profit plunge as pandemic recession takes hold

Big U.S. banks to report profit plunge as pandemic recession takes hold

By: David Henry
Source: Reuters
Date of Publication: October 1st, 2020
As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.
BlackRock may never bring 100% of staff to office after coronavirus _ Fox Business

BlackRock may never bring 100% of staff to office after coronavirus

By: Jonathan Garber
Source: Fox Business
Date of Publication: September 17th, 2020
BlackRock Inc. may never fully return to its pre-coronavirus routine after measures to prevent the disease's spread forced employees to work from home, according to CEO Larry Fink.
American Express extends work from home policy through June 2021 _ Fox Business

American Express extends work from home policy through June 2021

By: Lucas Manfredi
Source: Fox Business
Date of Publication: September 10th, 2020
The move will not impact the company's phased reopening plans.
Goldman Sachs joins JPMorgan in announcing return to work after coronavirus office closures _ Fox Business

Goldman Sachs joins JPMorgan in announcing return to work after coronavirus office closures

By: Megan Henney
Source: Fox Business
Date of Publication: September 11th, 2020
The bank alerted staff that it was preparing for more employees to return to its offices around the world.
JPMorgan Top Brass Tell Trading-Floor Staff to Come Back to the Office - WSJ

JPMorgan Top Brass Tell Trading-Floor Staff to Come Back to the Office

By: Julia-Ambra Verlaine
Source: The Wall Street Journal
Date of Publication: September 10th, 2020
The bank, which just notched a record trading quarter, told staffers they need to return by Sept. 21 unless they have child-care or medical issues.
5 storytelling lessons from Square’s COVID-19 campaign - PR Daily

5 storytelling lessons from Square’s COVID-19 campaign

By: Ted Kitterman
Source: Ragan's PR Daily
Date of Publication: August 24th, 2020
The payment company asked business owners to share their stories of managing through the trials of an unprecedented pandemic—creating a support hub for entrepreneurs in the fight of their lives.
Auto insurance companies return $800 million in premiums because no one is driving

Auto insurance companies return $800 million in premiums because no one is driving

By: Chris Isidore
Source: CNN Business
Allstate and American Family Insurance announced Monday they will give back about $800 million to their auto insurance customers because people are driving far less during the coronavirus crisis
Metlife Foundation Commits $25 Million to Global Covid-19 Response

Metlife Foundation Commits $25 Million to Global Covid-19 Response

By: MetLife
Source: MetLife
Date of Publication: March 31st, 2020
MetLife Foundation announced that it is committing $25 million to the global response to COVID-19 in support of communities impacted by the pandemic.
Wells Fargo Announces Aid for Customers and Communities Impacted by COVID-19

Wells Fargo Announces Aid for Customers and Communities Impacted by COVID-19

By: Beth Richek
Source: Wells Fargo
Date of Publication: March 20th, 2020
Wells Fargo's response to COVID-19 includes suspending residential foreclosure sales, fee waivers and acceleration of $175 million in donations to help the most vulnerable.
The stock market is this close to setting another record -- the shortest bear market in history

The stock market is this close to setting another record -- the shortest bear market in history

By: Anneken Tappe
Source: CNN Business
Date of Publication: August 11th, 2020
The S&P 500 (SPX) could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, and the 2020 bear market would be the shortest in history.