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Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.
July 30
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Economists say that a V-shaped recovery is unlikely.
July 30
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A severe recession could be enough to completely wipe out the capital and surplus of four insurance firms as well as hobble a handful of others, the NAIC finds.
July 30
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The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.
July 29
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If planners can navigate data security and compliance concerns, the app can connect them with a huge new audience.
July 29
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Educating clients with startup businesses on the new regulations can help them provide for employees without breaking the bank.
July 29
Commonwealth Financial Network -
The Minnesota-based Falldin-Mattson Group was previously at Morgan Stanley.
July 29
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It will be the largest bank channel team at the IBD, with its former clearing house Pershing taking a hit.
July 29
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Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.
July 29
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The cuts are among the first under new CEO Kentaro Okuda, who since taking the reins has said an existing $1.3 billion restructuring plan is no longer enough.
July 29
