Tag: Consumer banking
Americans spend again and American Express profit surges
NEW YORK — Spending at restaurants, shops and entertainment venues has come back in force as vaccines become more common and it fueled a...
HSBC exiting US retail banking to focus on wealth management
NEW YORK — British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth...
JPMorgan elevates 2 women to run bank’s biggest division
NEW YORK — JPMorgan Chase will promote two women to jointly manage the bank's consumer finance division — the bank's biggest business by far...
Bank of America to raise minimum wage to $25/hr by 2025
NEW YORK — Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025....
Millennial Money: A flashy credit card may not fit you best
The credit card you pluck out of your wallet can make as much of a statement as the purse or pants you keep your...
Merchants sue Federal Reserve over fees for debit cards
NEW YORK — Two trade groups representing businesses in North Dakota filed a lawsuit Thursday against the Federal Reserve, asking the agency to lower...
Visa 2Q profits fall 2%, as economic slowdown hits payments
NEW YORK — Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment...
Wells Fargo earned $4.74 billion in Q1, topping estimates
SILVER SPRING, Md. — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing...
Millennial Money: How my travel credit card saved me $1,388
In 2020, I was looking forward to leaving Los Angeles for a socially distanced vacation in San Diego. I had stocked up on food,...
Startup cards stay open to credit builders
While major credit card issuers tightened lending standards and slashed credit limits amid COVID-19, some financial technology startups took a different tack.
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