The liquidity support was approved under the EC’s 'extraordinary crisis rules for state aid to banks.'
The legislation passed Wednesday establishes a board to oversee Puerto Rico's finances, including a restructuring of its $72 billion debt.
An internal review also found loans made to LendingClub's former CEO and his family that were originated to boost reported loan volume.
More than 80% of the layoffs will be in Deutsche Bank's private and commercial clients division.
The big change is being referred to as the institution of 'Day 1 Loss' reporting, according to board member Hal Schroeder.
The retailer says in an antitrust suit that Visa and MasterCard are trying to block the use of PINs to verify chip-card transactions.
Is a new round of consumer credit losses on the way for financial institutions?
With corporate debt running at 145% of China's GDP, a top Fund official urges Beijing to tackle the "key fault line" in the economy soon.
“Today, the House acted to prevent Puerto Rico's fiscal crisis from escalating to a humanitarian catastrophe," says a co-author of the bill.
A monthly survey of approval rates finds large banks granted almost one in four small business loan applications in May.