World Wide Financial Solutions, LLC

03/20/2021

https://www.wsj.com/articles/justice-department-investigating-visa-over-debit-card-practices-11616164525?utm_source=facebook&utm_medium=news_tab&utm_content=algorithm&fb_news_token=LdlfWeFe%2FNU8PY4SK5LgNA%3D%3D.F1Kriq5KEiKX7u%2FfexUZSRAoqKaxwhQUVzG3Ew%2BlANgHT1rbhKdS9fBGIcSub0zTYjD0%2BYPb0wOI9MIQIvhVTOHesn5jdbRMExI3bHV1Lb0YrWtNpYACcqNPPVVaXJP5BuCXwXHyZU8zxbUAFs5sNwyWZSNPExYHTIP4ohLflr9Jsdcy0p5Fr0MtexyBNYG93pDe5OOM9oCo%2B7NwV%2BDgzJ%2FSqBAefrOTWBRuy91XpSGlxzh8z9fd0wLL9WvDkXfFCNqULoJfwgWwyCbSsJSs0onawuTIqtHgIzhZtKls8DKpGdT9ZxtES5pwseQyzTve

The Justice Department’s antitrust division is asking whether Visa, the largest U.S. card network, has limited merchants’ ability to route debit-card transactions over card networks that are often less expensive.

02/06/2021

https://www.bloomberg.com/news/articles/2021-02-06/bofa-divided-as-bankers-cry-foul-over-special-bonus-treatment?utm_source=facebook&utm_medium=news_tab&utm_content=algorithm

Anger is building in the senior ranks at Bank of America Corp. after the company waived an unpopular new bonus policy for top traders and dealmakers while keeping the plan in place for other employees.

01/15/2021

https://www.forbes.com/sites/jonathanponciano/2021/01/15/jpmorgan-americas-largest-bank-earnings-121-billion/?sh=7bbf17027e9e

The nation's largest bank nabbed $29.2 billion in revenue last quarter.

12/08/2020

https://www.bloomberg.com/news/articles/2020-11-10/jan-marsalek-the-man-who-could-explain-wirecard-s-2-billion-fraud-is-missing?utm_source=facebook&utm_medium=cpc&utm_campaign=560938_Market&kwp_0=1807198&kwp_4=5344154&kwp_1=2282512&fbclid=IwAR0kJ-mH9XrLO6EqVgEX0OR0rFriLikYi1UyIRg0obDEPpk-fc3-cbO33ow

The company’s failure in June stunned Germany. And a key player has vanished.

12/06/2020

https://www.bloomberg.com/news/articles/2020-10-06/the-unemployed-trader-who-became-a-700-million-cum-ex-exile?utm_source=facebook&utm_medium=cpc&utm_campaign=548162_Market&kwp_0=1776900&kwp_4=5240096&kwp_1=2233312&fbclid=IwAR0QE9B1KI8Qx611IN5qcrG13PujI2jgqF12vgBMXD2NayVDGgfzSualO8I

When Sanjay Shah lost his job during the financial crisis more than a decade ago, he was one of thousands of mid-level traders suddenly out of work.

11/08/2020

Evidence is growing that many organizations took advantage of the Paycheck Protection Program’s open-door design, according to government officials and public data, after Congress set limited criteria for loan recipients.

10/20/2020

Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s role in Malaysia’s 1MDB scandal, and the deal may be announced within days, according to people familiar with the matter.

10/17/2020

https://www.forbes.com/sites/jonathanponciano/2020/10/16/trump-admin-big-banks-billions-ppp-funds-wealthy-clients-at-expense-of-struggling-small-businesses-house-report/

Lenders processed larger loans for wealthy customers at more than twice the speed of smaller loans for the “neediest” small businesses, the report claims.

10/01/2020

https://nypost-com.cdn.ampproject.org/c/s/nypost.com/2020/09/29/female-banker-emerges-as-possible-successor-to-goldman-sachs-ceo/amp/

Wall Street can stop wondering who the most powerful woman at Goldman Sachs might be. Goldman Chief Executive David Solomon announced Tuesday that he has shuffled the executive ranks once again, th…

09/25/2020

https://www.cnbc.com/2020/09/24/banks-small-businesses-look-to-congress-to-streamline-ppp-forgiveness.html?utm_source=facebook&utm_medium=news_tab&utm_content=algorithm

One of the main draws of the Paycheck Protection Program was the ability to have loans forgiven if the money was used as the law permitted — with 60% of the capital going to payroll and 40% to other allowable expenses. But as forgiveness opened up last month, some banks and small businesses are re...

09/13/2020

https://www.chicagotribune.com/business/ct-biz-citigroup-female-ceo-jane-fraser-20200910-u7svrfkvcfcnxpulpymqkvhdwm-story.html?outputType=amp

Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank’s next chief executive, making Fraser the first woman to ever lead a Wall Street bank.