Wells Fargo

If the economy goes south, it could affect the ability of working people to continue making payments. And that could affect the banks’ bottom lines.

Nicole Cervi at Wells Fargo explains how she uses public inflation and jobs data in her work.

Because they touch so many parts of this economy, banks’ quarterly reports can reveal a lot.

Black-owned banks received a wave of investment after George Floyd’s murder. That investment helped those lenders make more loans than they could have otherwise.

The lawsuit alleged that, in the early days of the pandemic, Wells Fargo put hundreds of thousands of mortgages into forbearance — sometimes without the borrowers even knowing it or asking for it.

The classic way banks make money rests on three words: net interest income.

In the face of high inflation, rising interest rates and a slowing global economy, banks are setting aside reserves — just in case.

It used to be the top mortgage lender in the country.

On Friday, Bank of America, Citigroup, Wells Fargo and JPMorgan Chase will post earning reports. Parts of their business struggled in the fourth quarter.

Some big banks will give credit cards to people who lack credit scores, looking instead at savings and checking account history.