KM

Kevin McCoy

Reporter at USA TODAY

Business, legal, investigative and breaking news reporter

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  • Trump Organization's insurance records subpoenaed by NY financial regulator as investigations widen
    5 Mar 2019—usatoday.com
    President Donald Trump Tuesday denounced a Democratic sweeping new probe of his presidency as "the witch hunt continues." (March 5) AP NEW YORK – A state regulator has subpoenaed an insurance provider for The Trump Organization, opening a new front in the widening investigations focused on President Donald Trump, his business, family, and White House administration. Aon, a London-headquartered financial services company that is one of the world's largest insurance brokerages, said it was...
  • Congressional Democrats seek data about Bank of America's free checking phase-out
    26 Jan 2018—usatoday.com
    Bank fees are a waste of money, so Mara Montalbano (@maramontalbano) shows us some easy ways to avoid them. Buzz60 Concerned about Bank of America's phase-out of a program that provided free checking, two Democratic members of Congress on Friday sought information about the banking giant's action. Reps. Elijah Cummings, D-Md., and Jimmy Gomez, D-Calif., in a letter questioned the decision to complete a shift of customers to checking accounts that require monthly fees at a time when Bank of...
  • 22,000 JPMorgan employees to get raises from bank's tax windfall
    23 Jan 2018—usatoday.com
    Lawmakers in the House released their plan, dubbed the Tax Cuts and Jobs Act, on Thursday. Video provided by Newsy Newslook An estimated 22,000 JPMorgan Chase employees will get 10% average pay increases in a five-year, $20 billion investment plan spurred by a windfall from the federal tax overhaul, the bank said Tuesday. The New York-based bank also said it will open branches in new U.S. markets, boost its small-business lending by $4 billion, increase mortgage lending in low- and...
  • Wells Fargo earnings: Bank turns in mixed performance in fourth quarter
    12 Jan 2018—usatoday.com
    Wells Fargo’s fake account scandal started last year. Angeli Kakade (@angelikakade) has the story. Buzz60 Shares of Wells Fargo edged lower Friday after the U.S. banking giant, which has struggled with a scandal over its sales practices, reported a mixed performance for its fourth quarter. The San Francisco-based bank, trying for months to rebound from acknowledgments that more than 3 million accounts that may not have been authorized by customers, reported revenue of $22.05 billion. The...
  • Iced tea company shares surge on shift to blockchain technology
    22 Dec 2017—usatoday.com
    These celebrities are jumping on the cryptocurrency bandwagon. Time Shares of Long Island Iced Tea soared Thursday after the company said it would rename itself Long Blockchain and refocus on the technology developed as the accounting method for Bitcoin virtual currency. The Farmingdale, N.Y., company's stock closed 183% higher at $6.91 a share, making it the latest company whose financial fortunes have been boosted by recent investor and consumer eagerness for all things cryptocurrency. The...

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