Bank of America tops profit estimates on better-than-expected interest income
Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Here’s what the company reported: Profit…
JPMorgan Chase tops profit expectations on higher rates, benign credit
JPMorgan Chase on Friday topped analysts’ estimates for third-quarter profit and revenue as the bank generated more interest income than…
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
American banks are closing out another quarter in which interest rates surged, reviving concerns about shrinking margins and rising loan…
Businesses are returning $140 million in surprise overdraft fees to consumers, according to a CFPB report
WASHINGTON — The nation’s federal consumer protection watchdog announced Wednesday that companies will refund $140 million to customers as a…
White House announces new efforts to crack down on ‘tens of billions’ in junk fees
WASHINGTON — The White House on Wednesday announced new initiatives to rein in tens of billions worth of surcharges tied…
Eight big U.S. bank CEOs to face Senate Banking Committee grilling in December
Eight CEOs of the largest U.S. banks will face questioning at a Senate Banking Committee hearing in December, according to…
Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.…
House Republicans subpoena Citibank over info shared with FBI after Jan. 6
WASHINGTON — House Judiciary Committee Chairman Jim Jordan issued a subpoena to Citibank on Thursday, demanding information about whether the…
Stocks making the biggest moves midday: Discover, D.R. Horton, Nvidia, Cleveland-Cliffs, and more
Check out the companies making headlines in midday trading. Banks — Major Wall Street banks slid during midday trading after…
