Consumer banking

FILE - In this July 10, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington. Powell has signaled that rising economic pressures, notably from President Donald Trump’s trade wars and from a global slowdown, have become cause for concern. (AP Photo/Susan Walsh, File)
July 31, 2019 - 5:54 pm
NEW YORK (AP) — The Latest on the Federal Reserve and its action related to a key interest rate (all times local): 5:50 p.m. Greg McBride, chief financial analyst at Bankrate, said there would likely be limited impact of the Fed's move on household finances. Credit cards and home equity lines of...
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This Monday, July 22, 2019, photo shows Capital One mailing in North Andover, Mass. Capital One says a hacker got access to the personal information of over 100 million individuals applying for credit. The McLean, Virginia-based bank said Monday, July 29, 2019, it found out about the vulnerability in its system July 19 and immediately sought help from law enforcement to catch the perpetrator. (AP Photo/Elise Amendola)
July 29, 2019 - 11:29 pm
SEATTLE (AP) — A hacker gained access to personal information from more than 100 million Capital One credit applications, the bank said Monday as federal authorities arrested a suspect in the case . Paige A. Thompson — who also goes by the handle "erratic" — was charged with a single count of...
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In this Monday, July 15, 2019 photo a customer departs a Bank of America ATM, in Norwood, Mass. Bank of America Corp. reports earnings Wednesday, July 17. (AP Photo/Steven Senne)
July 17, 2019 - 7:58 am
NEW YORK (AP) — Bank of America's second-quarter profits rose by 8% from a year earlier, the company said Wednesday, as the consumer banking giant has benefitted greatly from the rise in interest rates as well as consumers and businesses more willing to borrow. The bank earned $7.35 billion, or 74...
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In this July 10, 2019, photo a Wells Fargo building is shown in downtown Minneapolis. JP Morgan Chase reports financial results on Tuesday, July 16, 2019. Wells Fargo & Co. reports financial results on Tuesday, July 16. (AP Photo/Jim Mone)
July 16, 2019 - 5:19 pm
WASHINGTON (AP) — Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest rate cut likely on the horizon. Shares in the consumer banking giant slid 3%. Wells Fargo & Co., still under growth...
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This June 20, 2019, photo shows an existing home is offered for sale in Rutledge, Ga. On Thursday, June 27, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/John Bazemore)
June 27, 2019 - 12:13 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level since November 2016. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year mortgage...
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FILE - This April 13, 2019, file photo, shows rows of homes, in suburban Salt Lake City. On Thursday, June 6, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rick Bowmer, File)
June 06, 2019 - 12:45 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of...
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FILE - In this April 10, 2019, file photo, Goldman Sachs chairman and CEO David Solomon testifies before the House Financial Services Commitee during a hearing in Washington. Goldman Sachs said its first quarter earnings fell by 21% from a year earlier, hurt by a slowdown in trading. Solomon described the quarter as a "muted start to the year," in a written statement. (AP Photo/Patrick Semansky, File)
April 15, 2019 - 9:07 am
NEW YORK (AP) — Goldman Sachs said its first quarter earnings fell by 21% from a year earlier, hurt by a slowdown in trading. The investment bank earned a profit of $2.25 billion, or $5.71 a share, down from a profit of $2.83 billion, or $6.95 a share, in the same period a year earlier. The results...
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FILE- This March 23, 2018, file photo shows the entrance to Citibank at the Citigroup Center in downtown Los Angeles. Citigroup reports earnings Monday, April 15, 2019. (AP Photo/Richard Vogel, File)
April 15, 2019 - 9:04 am
NEW YORK (AP) — Banking conglomerate Citigroup said its first quarter profits rose by a relatively quiet 2% from a year earlier, as higher interest and investment banking revenues helped offset a decline in trading. Citi's results were similar to those of its Wall Street competitors, JPMorgan Chase...
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FILE - In this April 10, 2018, file photo, a customers uses a credit card machine to pay for food at Peli Peli Kitchen in Houston. Owner Thomas Nguyen had a change of heart after transitioning one of his three Peli Peli South African fine dining restaurants and his Peli Peli Kitchen fast casual location to a no-cash policy. (AP Photo/David J. Phillip, File)
April 12, 2019 - 3:16 pm
NEW YORK (AP) — Hembert Figueroa just wanted a taco. So he was surprised to learn the dollar bills in his pocket were no good at Dos Toros Taqueria in Manhattan, one of a small but growing number of establishments across the U.S. where customers can only pay by card or smartphone. Cash-free stores...
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FILE- In this Jan. 22, 2018, file photo a shopper scans an Amazon Go app on a cellphone while entering an Amazon Go store in Seattle. A small number of restaurants and stores are going cash-free in the U.S., looking to cater to customers who increasingly pay with a card or smartphone. But a backlash is growing against the practice that some say discriminates against those who lack back accounts or rely on cash for most of their daily transactions. (AP Photo/Elaine Thompson, File)
April 12, 2019 - 3:13 pm
NEW YORK (AP) — Hembert Figueroa just wanted a taco. So he was surprised to learn the dollar bills in his pocket were no good at Dos Toros Taqueria in Manhattan, one of a small but growing number of establishments across the U.S. where customers can only pay by card or smartphone. Cash-free stores...
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