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Bank Earnings Season Is About to Start. Here’s What to Expect.
Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment. So far, households have continued to spend and borrow, despite higher borrowing costs,…
Column: The war on ‘junk fees’ is gaining ground, but the fight is not yet won
“I talk to a lot of banks,” Rep. Dan Meuser (R-Pa.) told Rohit Chopra, director of the Consumer Financial Protection Bureau, “and they’re really not happy with your agency.” He urged Chopra to “be responsive to the clientele you’re supposed to be helping.” With admirable restraint, Chopra replied: “Just to be clear, the clientele of…
One California Lululemon Store Shows How Difficult It Can Be For Retail Workers In The Pandemic
Presented with a detailed list of the concerns from the half a dozen employees who spoke with BuzzFeed News, a Lululemon spokesperson provided the following statement for this story: “We adjust our operations based upon the guidelines within each state and jurisdiction, including in California. As the situation within the state continues to evolve, we…
‘Forever chemicals’ in microplastics spark over $250B a year health crisis: study
Microplastics found in the US food and water supply that contain “forever chemicals” are contributing to a quarter of a trillion dollar a year health crisis, according to a new study. In 2018 alone, exposure to the small plastics — which the Mayo Clinic has linked to heart health, hormone imbalances and even cancer —…
Morgan Stanley nears deal to pay as much as $300M to settle stock sales probe: report
Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a US investigation into its employees’ handling of big stock sales, Bloomberg News reported on Thursday. The penalty, expected to be announced in the coming days, will be divided between the Justice Department and the Securities and Exchange Commission, the report said, citing people with knowledge of…
Calls grow for Fujitsu to pay for Post Office injustice
Ex-Post Office branch manager Sally Stringer is demanding Fujitsu pay towards compensation
