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Saturday, October 31, 2020

KEN SWEET AP Business Writer

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With billions at stake, banks try to save stunned borrowers

NEW YORK (AP) — Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from...

JPMorgan cuts loans to coal companies, arctic drillers

NEW YORK (AP) — JPMorgan Chase & Co. will no longer do business with coal companies and will restrict financing to companies that drill...

On the Money: Tackling credit card debt from the holidays

NEW YORK (AP) — The children are playing with their gifts, the new TV is up on the wall, and that puppy has a...

CEOs of big banks face off with House Democrats

NEW YORK (AP) — The heads of seven of the largest banks in the U.S. fielded sometimes contentious questions from a House committee Wednesday,...

Wells Fargo CEO Sloan steps down after rocky tenure

NEW YORK (AP) — Wells Fargo's CEO Tim Sloan stepped down Thursday, after a rocky tenure during which the deeply troubled bank dealt with...

BB&T, SunTrust merge to create nation’s 6th largest bank

NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger...

Data center smoke causes outage for Wells Fargo customers

NEW YORK (AP) — Smoke at one of Wells Fargo's data centers left some of the bank's customers without access to online or mobile...

JPMorgan misses estimates, caused by trading troubles

NEW YORK (AP) — JPMorgan Chase & Co.'s fourth-quarter profits badly missed analysts' forecasts on Tuesday, caused by weakness in the bank's bond-trading business.The...

Banks could face tighter scrutiny under Rep. Maxine Waters

NEW YORK (AP) — Come January, the banking industry is going to be on Rep. Maxine Waters' time.With Democrats taking control of the House...

Wells Fargo to cut 10 percent of workforce over next 3 years

NEW YORK (AP) — Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank announced...

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