Banking and Financial Institutions – Page 148

Bank of America Reports Big Jump in Profit on Higher Interest Rates

One of the nation’s largest banks reported across-the-board strength in its latest quarter, with sales and earnings that surpassed analysts’ expectations.

By Stacy Cowley

Banking and Financial Institutions Inflation (Economics) Interest Rates Labor and Jobs Unemployment United States Economy Wages and Salaries

Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?

The Federal Reserve chair spent the early pandemic bemoaning the loss a strong job market. It roared back — and now its fate is in his hands.

By Jeanna Smialek

Banking and Financial Institutions Compensation for Damages (Law) Epstein, Jeffrey E (1953- ) Human Trafficking JPMorgan Chase & Company Sex Crimes Suits and Litigation (Civil) Virgin Islands (US)

U.S. Virgin Islands Seeks $190 Million From JPMorgan in Epstein Lawsuit

The U.S. territory wants JPMorgan to pay damages for failing to spot Jeffrey Epstein’s activities on the island.

By Matthew Goldstein

Banking and Financial Institutions Citigroup Inc Company Reports JPMorgan Chase & Company United States Economy Wells Fargo & Company

JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits

Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.

By Rob Copeland and Stacy Cowley