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…
Interest rates take center stage with banks set to report quarterly results
Bank stocks remain under pressure due to high interest rates as financial firms like Club holdings Wells Fargo (WFC) and…
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…
What a stressed commercial real estate market means for these exposed bank stocks
Banks are facing mounting uncertainty as the commercial real estate (CRE) sector continues to struggle. But, tailwinds in our financial…
U.S. Latino economic output grows to $3.2 trillion, according to new study
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according…
Biden calls on Congress to fund government as Moody’s and Wells Fargo warn of shutdown effects
WASHINGTON — President Joe Biden on Tuesday asked Congress in a social media post to fund the government as warnings…
