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.

Community banks don’t have the same scale as national banks — but they still have to compete and find ways to make up the lost revenue.

But if we’re in for a double-dip recession, they’ll need to set aside billions more than they currently have on hand.