Second-quarter profit fell 58% to $1.22 billion, or $3.08 a share, due to steep declines in trading and investment banking and losses related to GreenSky and legacy investments that shaved about $3.95 from earnings a share. Revenue fell 8% to $10.9 billion.
The White House reports that Americans are collectively expending almost $65 billion on concealed fees. These "junk fees," referred to as convenience fees or service fees, have become pervasive across various sectors, such as banking, telecom, entertainment, and hospitality.
Savings returns are expected to be the best they have been in 15 years, in part because of the Federal Reserve's recent increase in interest rates as a result of persistent inflation.
Personal finance is an essential aspect of our lives that requires attention and discipline. It involves managing your money, investments, and debt to achieve financial stability and success. In this article, we will discuss the ultimate guide to personal finance, with tips and strategies to help you achieve your financial goals.
With the U.S. Department of the Treasury's rule going into effect within a week, consumers will soon struggle to get a $7,500 federal tax credit when they buy a new electric car.
Biden's sweeping plan to wipe out $20,000 in student debt for tens of millions of Americans may be undesirable, but for some it is expected to be effective, experts say.
Refinancing your semi truck can save you money and improve your financial situation. Learn everything you need to know about semi truck refinancing in this guide.
Oregon-based Umpqua Bank recently merged with Columbia Bank, and the combined company has created a system of more than 300 banking branches across the western United States.
In a press release, the reinsurer stressed that it is sticking to its ambitious climate targets, which include reducing greenhouse gas emissions associated with its portfolio by 29% by the end of 2025.
For years the bank provided a safe haven for wealthy American clients to hide assets from the IRS - even when it was arrested and charged with doing the same over a decade ago, according to two former Credit Suisse bankers.
First Citizens BancShares is buying SVB's $72 billion in assets for $16.5 billion, a 23% discount, according to an FDIC statement on Sunday.
Deutsche Bank is facing investor panic over its stability despite posting 10 quarters of profit and undergoing restructuring. Research firm Autonomous dismissed concerns over its US commercial real estate exposures and derivatives book. JPMorgan identified three causes for Credit Suisse's collapse, including governance failures, challenging market conditions, and liquidity risk, leading to depositor outflows. They emphasized the importance of transparency in liquidity measures and confidence in management.
Credit score is important factor that lenders use to evaluate your creditworthiness and offer you financial products. Having a good credit score helps to get better interest rates and offers.
Everyone has different reasons for buying insurance. But at the heart of the decision to purchase insurance is financial security for yourself and those you care about. Find out why life insurance is important and who needs it.
A lack of financial preparation can make a person more vulnerable to loan fraud. Here are some common techniques for identifying loan fraud and ways to avoid it.
