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BANK OF AMERICA Corp. saw its fourth-quarter profit fall more than 50% from a year earlier because of lingering banking industry headwinds. / AP FILE PHOTO/MICHAEL DWYER

Bank of America profits fall 50% in fourth quarter of 2023

NEW YORK (AP) – Bank of America Corp. saw its fourth-quarter profit fall more than 50% from a year earlier as the banking industry...

Big-bank CEOs warn that new regulations could harm the economy

NEW YORK (AP) – The heads of Wall Street's biggest banks used an appearance on Capitol Hill to plead with senators to stop the...

U.S. consumers keep spending despite high prices and their own gloomy...

WASHINGTON (AP) – A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is...

What will federal financial disclosure forms tell us about CD1 candidates?

Republican congressional hopeful Gerry Leonard is receiving nearly $150,000 a year between his military pension and disability pay, while Democratic rival Gabe Amo lost...
Cristin O’Hara

Restaurant industry proves resiliency as it rebuilds

Like countless other industries, the restaurant industry has been completely redefined by the COVID-19 pandemic. Restaurant owners felt optimistic about the post-COVID world but...

Bank of America net income jumps 19%, extending the rally for...

NEW YORK (AP) – Bank of America Corp. said its profits grew 19% in its most recent quarter, the latest of the big banks...

BofA to pay more than $100M for doubling fees, opening accounts...

Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without...

Bank of America agrees to settle customer class action suit for...

PROVIDENCE – Bank of America Corp. agreed this week to pay out $8 million to customers to settle a class action lawsuit that claimed...

Bank of America profits grow 15% in Q1, avoids industry crisis 

NEW YORK (AP) – Bank of America Corp. said its profits grew 15% last quarter, the latest of the big banks to do exceptionally...

U.S. retail sales fall 1% amid high inflation, rising rates 

WASHINGTON (AP) – Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming...
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