Ken Sweet
Bank of America profits jump 10% but warns of slowing spending...
NEW YORK (AP) – Bank of America Corp. posted a 10% rise in third-quarter profits Tuesday, helped by higher interest rates that allowed the...
Wells Fargo to pay $3.7B over consumer loan violations
WASHINGTON (AP) – Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle a laundry list of charges that it harmed consumers...
COVID falling in 49 of 50 states as deaths near 900,000
New cases of COVID-19 in the U.S. are falling in at least 49 of 50 states as omicron rapidly loosens its grip, even as...
Jobless Americans will have few options as benefits expire
NEW YORK (AP) – Millions of jobless Americans lost their unemployment benefits on Monday, leaving only a handful of economic support programs for those...
Bank of America’s 2Q profit jumps, helped by fewer bad loans
NEW YORK (AP) – Bank of America Corp.’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was...
Are the days of overdraft fees numbered?
NEW YORK – Ally Financial Inc. is ending overdraft fees entirely on all of its bank products, becoming the first large U.S. bank to...
Bank of America 4Q profit falls 18% on lower interest rates
CHARLOTTE, N.C. (AP) – Bank of America Corp.’s fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down its results....
Bank of America profit falls 15.6% in third quarter
CHARLOTTE, N.C. (AP) – Consumer banking giant Bank of America Corp. says third-quarter profit declined 15.6% from a year earlier, but saw less need...
Bank of America’s Q2 results hurt by pandemic like others
NEW YORK (AP) – Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars...
Virus pummels commercial real estate, could end long boom
NEW YORK (AP) – Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus...
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