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Retirees thought GE would take care of them forever. It didn’t

NEW YORK – Back in 1971, when he went to work at a General Electric Co. plant in upstate New York, John Phelps probably...
THE SECOND ROUND OF THE Federal Reserve's most-recent stress test has caused only a handful of banks to curtail their capital plans for 2018. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed forces JPMorgan, Goldman, four rivals to temper payouts

NEW YORK – Tougher Federal Reserve stress tests forced six U.S. banks, including JPMorgan Chase & Co., to scale back proposals for doling out...

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