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Citigroup profits soar due to fewer bad loans

NEW YORK (AP) — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad loans on the bank's balance sheet. Citi is...

Bank of America's 2Q profit jumps, helped by fewer bad loans

NEW YORK (AP) — Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move more loans onto the “good” side of its balance sheet as th...

Goldman Sachs 2Q profits beat forecasts; boosts dividend

NEW YORK (AP) — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong performance in its investment banking division that more than ...

JPMorgan's 2Q profits more than double, beating expectations

NEW YORK (AP) — JPMorgan Chase said its second quarter profits more than doubled from a year ago — a reflection of the improving global economy and fewer bad loans on its balance sheet. But the bank's...

Tax law experts see 'strong' case against Trump Org. CFO

NEW YORK (AP) — Companies give perks to their employees all the time. Many top executives at Fortune 500 companies have access to a corporate jet for personal use, a company apartment, or an expense a...

Bigger benefits, bigger fee coming to AmEx Platinum Card

NEW YORK (AP) — American Express is upping the benefits — and the fee — on its flagship Platinum Card this month as it tries to hold on to its well-to-do customers who are returning to their pre-pande...

Freed from COVID restrictions, big US banks hike dividends

NEW YORK (AP) — Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars to their shareholders over the next yea...

Congress repeals Trump-era regulations on payday lenders

NEW YORK (AP) — Congress on Thursday overturned a set of regulations enacted in the final days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest ...

All big banks pass latest Federal Reserve 'stress tests'

NEW YORK (AP) — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday as it released the results from its latest “stress...

Big US banks to employees: Return to the office vaccinated

NEW YORK (AP) — Wall Street's big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card. New York-based Mor...

Millions fear eviction as US housing crisis worsens

NEW YORK (AP) — More than 4 million people say they fear being evicted or foreclosed upon in the coming months, just as two studies released Wednesday found that the nation's housing availability and ...

Consumer watchdog agency rediscovers its teeth under Biden

NEW YORK (AP) — The nation's consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being on a tight leash. Under Presi...

Visa 2Q profits fall 2%, as economic slowdown hits payments

NEW YORK (AP) — Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment network due to the global pandemic. Th...

Venmo is into crypto, allowing users to buy Bitcoin, others

NEW YORK (AP) — Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform to wade into alternative currency like Bitcoin. ...

Profits at Goldman Sachs surge in 1Q, helped by trading

NEW YORK (AP) — Investment bank Goldman Sachs saw its profits nearly quintuple in the first quarter, driven by a massive surge of revenue from its core investment banking and trading operations. ...