JP Morgan Chase

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.

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.

For one, help from the FDIC, which will absorb up to 80% of the losses coming from First Republic’s residential and commercial loans.

Amazon, Netflix and Starbucks joined a public statement, but Coca-Cola, Walmart and others did not.

They’ve been raking in money thanks to the strong stock market, companies’ appetite for debt and initial public offerings.

The company created by Amazon, Berkshire Hathaway and JPMorgan clashed with the existing infrastructure of health care.

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

CEO group Business Roundtable says companies should consider how they’re affecting employees, customers and society — in addition shareholders.

Bigger, stronger banks … and threats.