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Bank of America CEO Brian Moynihan said in an interview with CNBC that since 2010, when he was appointed head of the bank, Bank of America has reduced its staff by 30%, and at the end of the third quarter of 2018, it accounts for 204,000 employees. The reduction in such a number of personnel was required due to the development of technologies and automation of work processes. According to him, such a significant reduction was possible only after the release of the first Apple smartphone in 2007. 26 million out of the 67 million bank customers are currently users of the Bank of America mobile application.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
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