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August 12, 2020
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Consumer Financial Services (TRBC)

Reuters - Business

Why some black-owned U.S. businesses are hardest hit by coronavirus shutdowns

WASHINGTON/NEW YORK (Reuters) – After 15 years working as a hair stylist in other people’s salons, Gary Connell opened his “Healthy Hair” studio in Montgomery County, Maryland in early March, sinking his savings into a two-chair shop in a busy mall. It hadn’t even been up and running for a......
Reuters - Business

U.S. bank profits plunge 70% on coronavirus loss provisioning

FILE PHOTO: Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation, testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “Oversight of Financial Regulators” on Capitol Hill in Washington, U.S., December 5, 2019. REUTERS/Erin Scott WASHINGTON (Reuters) – U.S. bank profits fell by 69.6% to $18.5 billion......

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