JPMorgan Chase CEO Jamie Dimon pushed back on calls by the administration of United States President Donald Trump to cap credit card interest rates, claiming that if Congress follows through, it would result in an “economic disaster”. Dimon made his comments on Wednesday at the World Economic Forum in Davos, Switzerland. Recommended Stories list of […]
Tag: banks
German thieves steal up to $105m in ‘Ocean’s Eleven’ heist: What we know | Banks News
Robbers stole items worth up to $105bn from safe-deposit boxes held at a German retail bank in Gelsenkirchen, North Rhine-Westphalia state, during the Christmas holiday, German police said on Tuesday. The German news agency dpa reported that it may rank among the biggest thefts in the country’s history. What happened and what was stolen? The […]
Some food banks see up to 1,800% surge in demand since SNAP benefits were halted
Food banks and pantries have been experiencing historic demand since SNAP benefits halted on Nov. 1 for many Americans due to the federal government shutdown. That halt affected nearly 42 million Americans, many of whom are older or low-income, and use benefits to help pay for groceries and other essentials. The government shutdown looks to […]