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Aside from anticipated loan losses and bankruptcies, banks are also dealing with very low interest rates.

Younger investors deploy their money on more high risk assets like Bitcoin and tech stocks while older investors prefer bonds, which are generally safe, and gold, which has been a store of value for thousands of years.

Cybersecurity is a major source of tension between the U.S. and China

Stimulus hopes boost US stocks as European shares fall

U.S. stocks finished higher on Tuesday as the second quarter earnings season got underway.

While JPMorgan Chase and Citigroup posted better-than-expected second-quarter earnings, Wells Fargo reported its first quarterly loss since the darkest days of the recession.

US stocks opened lower on Tuesday as JPMorgan Chase posted better-than-expected earnings

Trading revenues boosted the bank’s results.

The Biden campaign is reportedly mulling Jamie Dimon for the Treasury Secretary role.

Consumer spending fell 16.4% in April from a month earlier and 17.8% from a year ago while credit card use fell 40%.

US loan program under fire as Shake Shack returns SBA money

JPMorgan, Wells Fargo profits hit as they build reserves for bad loans

U.S. stocks rose on Tuesday amid hopeful signs that the coronavirus pandemic has plateaued.

An exclusive report from The American Prospect reveals that the $2 trillion stimulus bill passed by Congress contains no rules stopping banks from seizing the $1,200 government stimulus checks to pay down personal debts.

Big U.S. banks are bracing themselves for a wave of loan defaults as the pandemic eats away at profitability

U.S. stocks rose on Tuesday amid hopeful signs that the coronavirus pandemic has plateaued.

JPMorgan Chase reports 69% drop in 1Q profits to $2.9 bn

JPMorgan Chase will close 20% of its bank branches on Friday during the coronavirus outbreak.

Jamie Dimon was the highest paid banker in 2018 and 2019. Last year, he received $31.5 million as compensation for being JPMorgan's CEO and chairman.

JPMorgan Chase CEO undergoes heart surgery

Wells Fargo becomes third major US lender to stop financing Arctic oil projects

JP Morgan became the second large U.S. lender to cease funding oil projects in the Arctic

JPMorgan Chase buys new Paris building for post-Brexit move

Lower interest rates have hit the profit margins of the U.S. banking sector.

JPMorgan Chase, Citi surge on Q4 profits; Wells Fargo stumbles again

JPMorgan Chase Q4 profits jump to $8.5 bn on strong credit card lending

The Dow started the day with a 160-point plunge but ended up 10 points.

Hong Kong's leader vowed the government would not bow to anti-government protesters if violence continues.

United Auto Workers were on strike for 40 days, which hurt GM's profits