Tag: Consumer banking
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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Regulators liquidate troubled Indianapolis credit union
INDIANAPOLIS — A credit union formed nearly six decades ago by Indianapolis newspaper employees has been liquidated, two months after regulators placed the financially-troubled...
