New York – JPMorgan Chase announced today that Brian Lamb has been named the Global Head of Diversity & Inclusion, a newly created position at the firm. Lamb, who will report to the firm’s Co-Presidents, will be responsible for executing a strategy that builds on the firm’s existing work and further incorporates a diversity lens into […]
Washington, DC – Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) issued the following statement: “Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s […]
Today, EU ambassadors agreed the Council’s position on two legislative proposals which will free up funds to tackle the effects of the COVID-19 outbreak. Given the urgency of the situation, both proposals were approved without amendments. The so-called Coronavirus Response Investment Initiative will make available €37 billion of Cohesion funds to member states to address […]
SAN FRANCISCO– Wells Fargo & Company today announced that it has entered into agreements with the United States Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) to resolve these agencies’ investigations into the Company’s historical Community Bank sales practices and related disclosures. As part of this resolution, Wells Fargo has […]
San Francisco, CA – JPMorgan Chase announced today a $22 million investment to develop and preserve affordable housing in San Francisco and Oakland as part of the firm’s $75 million, five-year commitment to the Bay Area. This new investment, which combines long-term, low-cost loans and philanthropy, will provide more affordable housing, protect local residents from […]
WASHINGTON — Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist, the World Bank says in its January 2020 Global Economic Prospects. Growth among advanced economies as a group is anticipated to slip to 1.4% in 2020 […]
On Tuesday December 31st Travelex detected a software virus which had compromised some of its services. As previously announced, on discovering the virus, and as a precautionary measure, Travelex immediately took all its systems offline to prevent the spread of the virus further across the network. Whilst the investigation is still ongoing, Travelex has confirmed […]
Today, 20 December 2019, the Chancellor has announced that Andrew Bailey will become the new Governor of the Bank of England from 16 March 2020. Her Majesty the Queen has approved the appointment. In order to provide for a smooth transition, the current Governor, Mark Carney, has agreed to now complete his term on 15 […]
Accion Chicago (Accion) and Local Initiatives Support Corporation (LISC)—the Entrepreneurs of Color Fund’s nonprofit partners in Chicago—today announced $3.6 million in new investments from six leading institutions: First Midwest Bank, U.S. Bank, The Coleman Foundation, McCormick Foundation, The Chicago Community Trust and Providence Bank & Trust. The new investments, which will be paired with business […]
Indianapolis, IN – JPMorgan Chase & Co. is committing $1.5 million over two years to help the National Urban League launch their new Financial Savings Initiative, a program that will help black households build savings and meet their long-term financial goals. The announcement is being made at the National Urban League Annual Conference in Indianapolis. […]
