Tag: Banking and credit

Tax law brings big paper losses, long-term gains to US banks

NEW YORK — Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into...
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SANAA, Yemen — Yemen's prime minister on Tuesday called on the Saudi-led coalition allied with his government to deposit $1 billion in the central...
Citigroup reports $18.3 billion loss, caused by new tax law

NEW YORK — Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday — effectively wiping out the company's full-year 2017 profit...
Race is on for succession to Europe’s top economic posts

FRANKFURT, Germany — Europe is preparing to find successors for many of its most powerful economic officials, including the influential head of the European...
Bank execs sing praises of new tax law as windfall looms

NEW YORK — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant...
Wells Fargo 4Q results rise 17 pct; posts gain from tax bill

NEW YORK — Wells Fargo says its fourth-quarter earnings rose 17 percent from a year ago, as the consumer banking giant benefited from the...
Core inflation jumped a sharp 0.3 percent in December

WASHINGTON — Overall U.S. consumer prices rose a scant 0.1 percent in December, slowed by falling energy prices. But a closely watched gauge called...
JPMorgan Chase 4Q results fall 37 percent, due to tax charge

NEW YORK — JPMorgan Chase & Co. said its fourth-quarter results fell 37 percent from a year ago, as the bank took a significant...
Wall Street’s Goldman Sachs to offer home improvement loans

Wall Street's best known investment bank is looking to help you renovate your bathroom. ...
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NEW YORK — Wall Street's best known investment bank is looking to help you renovate your bathroom. ...

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