Alexa
  • Directory of Taiwan

AmEx to offer debit card that will accrue rewards points

NEW YORK (AP) — American Express on Tuesday launched a checking account that comes with a debit card that will allow its customers to accrue its popular Membership Rewards points the same way they do ...

Visa profits rise 27% as pandemic wanes and economies open

NEW YORK (AP) — Visa's fiscal first-quarter profits rose 27%, as improving economies worldwide, as well as more people using digital payments, helped lift the company's fortunes. Th...

American Express Q4 profits jump 20% on card spending

Credit card company American Express said Tuesday that its fourth-quarter profits rose 20% from a year earlier, as eager consumers spent record levels of money during the holiday season on the company...

Bank of America profits rise 28%, wage expenses up too

NEW YORK (AP) — Bank of America said its profits rose 28% last quarter from a year earlier, but the bank faced the same wage inflation as its Wall Street counterparts. The bank said...

Morgan Stanley profits climb 9% on asset management business

NEW YORK (AP) — Investment bank Morgan Stanley said its fourth-quarter profits rose 9% from a year ago, helped by a big jump in fee revenue from its growing asset and wealth management business. The i...

Truist cuts down overdraft fees, joining other big banks

NEW YORK (AP) — Truist Bank said Tuesday it is reducing its overdraft fees, becoming the latest big bank to announce an overhaul of overdraft policies that often impact the most vulnerable customers. ...

Goldman Sachs Q4 profits fall as compensation costs soar

NEW YORK (AP) — Goldman Sachs said its fourth-quarter profits fell by 13% from a year earlier, largely due to the bank preparing to pay out hefty pay packages to its well-compensated employees. ...

Bank profits soared in 2021, but inflation is front of mind

NEW YORK (AP) — Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans. ...

JPMorgan 4Q earnings fall 14%, but 2021 profit sets record

NEW YORK (AP) — JPMorgan Chase says fourth-quarter profits fell 14% from a year earlier, due to a weaker performance from its trading desk and higher compensation expenses for employees. ...

Bank of America slashes fees for account overdrafts

NEW YORK (AP) — Bank of America slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. ...

Banks slowly reconsider overdraft fees, amid public pressure

NEW YORK (AP) — The banking industry appears to have overdone it on overdraft fees. After decades of raking in billions of dollars from mostly poor Americans short of cash in their a...

BofA CEO: Consumers spending at fastest pace he's seen

NEW YORK (AP) — The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues wil...

Bitcoin trial: Defendant wins dispute over $50B in Bitcoin

NEW YORK (AP) — Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it...

Visa CEO: COVID caused permanent shift to digital payments

SAN FRANCISCO (AP) — Al Kelly believes there has been a permanent shift in how consumers worldwide pay for goods and services. His 91-year-old parents are a prime example. The CEO of...

Capital One drops all overdraft fees, latest bank to do so

NEW YORK (AP) — Capital One said Wednesday that will get rid of all overdraft fees, the latest bank to do so this year and one of the largest financial institutions to shy away from the long-hated pra...