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CVS Health Corp. starts $5B bond sale

WOONSOCKET – CVS Health Corp. started selling $5 billion in investment-grade corporate bonds a week after the company missed first-quarter expectations and chopped its...

Federal Reserve is likely to preach patience as consumers, markets look...

WASHINGTON (AP) – Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective...
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...

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...

Wells Fargo agrees to pay $1B to settle shareholders’ class-action lawsuit 

WASHINGTON (AP) – Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders who alleged the bank...

Former Bank of America CEO Richard Rosenberg dead at 92 

NEW YORK (AP) – Richard Rosenberg, who doubled the size of Bank of America in the 1990s as chairman and CEO and started the bank on...
CONSUMER BANKING giant Wells Fargo must pay $3.7 billion in fines and refunds to customers, the largest fine to date against the bank. Pictured is a Wells Fargo sign in Bradenton, Fla. / AP PHOTO/GENE J. PUSKAR

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...

Fraud, scam cases increasing on Zelle, Senate report finds 

NEW YORK (AP) – Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report...

Many banks consolidating jobs as economy shifts

While restaurants and retailers were laying off their workers at the onset of the COVID-19 pandemic, banks embarked on a hiring spree in the...

U.S. employers added 528,000 jobs; unemployment falls to 3.5% 

WASHINGTON (AP) – America's hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a...
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