Bank of America

Three big banks reported on Tuesday that credit card spending is up. According to Bank of America, its customers charged more on travel and entertainment, along with necessities like gas.

A darkening picture for consumers and unusually high prices for tech shares suggest the market’s seemingly endless upswing may be coming to an end.

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.

The wage hikes are likely a move to remain competitive.

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.

Bank of America just announced that it would open 150 new branches across the country.

Financial regulatory director says laws are not suggestions for banks.

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

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