Law & Courts Washington state gets NY bank to pay $10 million for role in pandemic unemployment fraud Metropolitan Commercial Bank will reimburse Washington state $10 million in unemployment funds that were stolen and processed through the bank during the pandemic, the state Attorney General’s office announced this week. KUOW Staff
Politics Cash is still king in unincorporated King County Cash is here to stay in unincorporated King County after the council voted 5-4 on Tuesday to require businesses like restaurants and retailers to accept payments in cash up to $200. David Hyde
Politics Biden's pick to become a key banking regulator withdraws after ugly nomination fight Saule Omarova has withdrawn her nomination to head the Office of the Comptroller of the Currency after an ugly, and at times, incredibly personal, fight to be confirmed. David Gura
Politics Why Democrats Are Angry At Wall Street Big banks are facing a new reality in Washington: Democrats control all levers of power and they are not shy about their intentions to ratchet up pressure on the sector. David Gura
Business 'Absolute Meltdown': Wall Street's Work Till You Drop Culture Under Attack Burnout in investment banking has been a problem, but the pandemic has made it worse. A handful of firms are responding by offering extra perks and more pay. But more money may not be the answer. David Gura
Business It's Nice To Be Rich: Wall Street Is Raking In Profits In The Stock Market The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it's raking in money on trades. Jim Zarroli
Business 'We Still Face Much Uncertainty': Pandemic Hammers Big Banks The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo posts its first quarterly loss since 2008 and JPMorgan Chase sets aside billions to cover bad loans. Jim Zarroli Avie Schneider
Health The Latest Pandemic Shortage: Coins Are The New Toilet Paper In another sign of how the coronavirus crisis is disrupting commerce, banks are running short of nickels, dimes and quarters. The Federal Reserve, which supplies banks, is having to ration change. Scott Horsley
National This Banker Made 1 Year Of Loans In 10 Days. He's Ready For Another Mad Dash Today Edward Barry and his team worked hard to give their customers a head start. The Small Business Administration is resuming its emergency loan program for small businesses with an extra $320 billion. Scott Horsley
Business America's Largest Bank, JPMorgan Chase, Prepares For A Massive Round Of Defaults JPMorgan Chase set aside the largest amount of money since 2010 to prepare for defaults, as its profit fell 69%. Wells Fargo's earnings sank 89%. Jim Zarroli
