JPMorgan Chase hires two senior bankers to bolster consumer and retail investment team
(Reuters) – JPMorgan Chase has hired two managing directors to strengthen its consumer and retail investment banking unit,…
BofA appoints co-presidents as CEO says he will serve through the decade
By Lananh Nguyen, Ateev Bhandari and Saeed Azhar NEW YORK (Reuters) – Bank of America appointed Dean Athanasia…
US consumer finances stay robust even as jobs data cloud economic outlook, bankers say
NEW YORK (Reuters) -U.S. consumers remain in good financial health and there are little signs of credit quality…
Americans’ confidence in finding a new job falls to record low
Job seekers’ confidence in finding new employment has fallen, a new survey reveals. According to the Federal Reserve Bank of…
Fewer Americans on the move, held back by cooling jobs market, limited home supply
(TNND) — Americans aren’t moving around the country like they used to, according to a new Bank of…
Fewer Americans on the move, held back by cooling jobs market, limited home supply
(TNND) — Americans aren’t moving around the country like they used to, according to a new Bank of…
Migration slows under pressure of rate lock-in, cooling job market
While some signs of recovery appeared earlier this year, those gains have not been sustained in the second…
U.S. workers are becoming more stressed about finances, BofA survey shows
NEW YORK (Reuters) -U.S. workers are becoming more stressed about their rising personal debts and financial health, a…
Can AI ‘sorcery’ solve the ‘productivity paradox’ that has gripped the economy for 25 years? A Shakespearean sea change is underfoot
The late plays by William Shakespeare are alternately called his “romances” or his “problem plays,” because of their…
Digital Wallets Push Gift Cards Into the Mainstream
It’s rare to witness a classic payment instrument not just endure but thrive by reinventing itself. Such is…
NY attorney general sues Zelle over fraud allegations
New York Attorney General Letitia James on Wednesday sued Early Warning Services (EWS), which operates Zelle, alleging the…
Bank of America sees stagflation, not recession—and no rate cut this year. It’s because of 2 specific Trump policies
Bank of America Research economists remain convinced that the Federal Reserve will not cut interest rates in 2025, despite…