David Henry

U.S. Banks Finally See Upturn In Credit-card Borrowing

Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.

U.S. Bank Earnings To Decline In First Quarter

Big U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong dealmaking and trading, and funds set aside for loan losses being released.

JPMorgan Spreads Its Urban Development Money To Paris

JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, said on Sunday that it has selected impoverished areas around Paris as the first foreign focus of an urban economic development strategy it started four years ago in Detroit.