Gina Heeb

American households and businesses are holding up despite a turbulent start to the year that has threatened to roil the U.S. economy. JPMorgan Chase Citigroup and Wells Fargo said customers continued to spend, borrow and invest in the first quarter, even as a war erupted in the Middle East and worries mounted about risks from artificial intelligence, inflation and private credit. JPMorgan Chief Executive Jamie Dimon warned that while the broader U.S. economy was largely in good shape, a “complex set of risks” threatened to derail its trajectory.

Bank of America said its profit rose 17% from a year earlier in the first quarter. Net income came in at $8.58 billion. That amounted to $1.11 a share, above analyst estimates of $1.01. Revenue was 7% higher at $30.27 billion, driven by solid net interest income, sales and trading and investmen

Bank of America CEO Brian Moynihan offered some more details on the health of U.S. consumers on a call with analysts this morning: Debit and credit-card spending was up 6% from a year ago in the first quarter. Within the categories, entertainment and services, travel and retail were up. Spend

In widespread requests, the SEC is seeking information about valuations, loan selection and other maneuvers by firms including Blue Owl.

In widespread requests, the SEC is seeking information about valuations, loan selection and other maneuvers by firms including Blue Owl.

Gina Heeb Citigroup is ready to leave its messy past behind. From the bank's headquarters in downtown Manhattan on Thursday, Chief Executive

Chief Executive Jane Fraser says at the bank’s first investor day in four years that Citi has “rebuilt the engine.”

Marquee crypto bill advances past key Senate committee following furious lobbying campaigns by both sides.

The insurers are preparing for legal fights against boards and executives over valuation practices.

Bill Pulte, known for his loyalty to Trump, made the case that he would advocate for the administration’s foreign policy agenda.