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Big banks are bracing for losses as Americans struggle to pay off debt

Mon, 10/21/2024 - 08:38

Tech Insider : Economy, Economy

wall st pink — Momo Takahashi/BI; Chelsea Jia Feng/BI

finance, economy, economy, finance, wells-fargo, JPMorgan, Citi

Bank bosses aren't worried about lower interest rates — and even see some upside

Thu, 10/17/2024 - 10:23

Tech Insider

Citigroup Latin America CEO Jane Fraser — Citigroup CEO Jane Fraser highlighted some potential benefits of lower interest rates this week.
REUTERS/Erin Scott

finance, trending-uk, finance, Banks, wall-street, interest-rates, Lending

4 trends to watch this bank earnings season

Wed, 10/09/2024 - 15:08

Tech Insider

A close-up of the bronze — Momo Takahashi

finance, goldman-sachs, JPMorgan, Chase, wells-fargo, morgan-stanley, Citi

Warren Buffett has sold about $10 billion of Bank of America stock — after slashing his Apple stake by nearly 60%

Fri, 10/04/2024 - 10:22

Tech Insider

Warren Buffett — Warren Buffett is the CEO of Berkshire Hathaway.
Mario Anzuoni/Reuters

finance, trending-uk, finance, warren-buffett, berkshire-hathaway, bank-of-america, Banks

Here's everything we know about how Wall Street banks are embracing AI

Tue, 08/20/2024 - 09:26

Tech Insider

Photos of J.P. Morgan, Citi, Goldman Sachs, and Morgan Stanley — Michael M. Santiago/Getty Images; Getty Images; BI

finance, AI, limited-synd, JPMorgan, goldman-sachs, morgan-stanley, Citi

Why you shouldn't worry about the job market and a recession just yet

Wed, 08/14/2024 - 06:03

Tech Insider : Economy, Economy

job fair — The unemployment rate is at its highest level in nearly three years, but some economists say the US economy has a good chance of avoiding a near-term recession.
Getty Images/Yellow Dog Productions

economy, finance, Careers, economy, finance, Careers, job-market

Zelle says it's up to the police to stop scams

Sat, 08/10/2024 - 15:48

Tech Insider

Zelle app. — A government agency is investigating after a series of scams on payment apps like Zelle.
NurPhoto/Getty Images

Tech, finance, Tech, Scams, jp-morgan, wells-fargo, bank-of-america

Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.

Wed, 08/07/2024 - 12:32

Tech Insider : Economy

A silhouette of a person using a cell phone is seen against a purple background with the Zelle name and the company's motto: — Zelle users would have increased protections against scams under a proposed bill in Congress.
Rafael Henrique/SOPA Images/LightRocket via Getty Images

economy, finance, Zelle, Banks, Consumers, CFPB, elizabeth-warren

Why the US isn't facing a stagflation threat even as growth slows, according to BofA

Thu, 05/16/2024 - 11:30

Tech Insider : Economy

bull bear market — Malte Mueller/Getty Images

economy, Markets, us-economy-outlook, bank-of-america, us-growth, stagflation-risk, stagflation-crisis

BofA banker whose death shook Wall Street was looking for new job and willing to take a lower salary for better hours, recruiter says: report

Wed, 05/15/2024 - 22:30

Tech Insider

Bank of America sign — Leo Lukenas III was an investment banker at Bank of America.
Spencer Platt/Getty Images

finance, bank-of-america, wall-street, investment-banks, financial-services

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