Month: April 2020

Largest US Banks Expect Billions in Loan Losses, Profits Plunge

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Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley also saw their profits plunge. Flood … Read more

VeChain Technology can be Useful During the Coronavirus Crisis

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During the coronavirus crisis, cryptocurrency and blockchain startups can play a crucial role. VeChain is using its native technology to verify COVID-19 masks are legitimate first and foremost. There are a lot of concerns regarding materials and equipment needed during the coronavirus crisis. The Role of VeChain During the Coronavirus Crisis Particularly where face masks … Read more

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