Bank of America’s rising deposit costs push profits lower
The Charlotte-based megabank raked in larger fees from its Wall Street operations, but the jump wasn’t enough to make up for higher payouts to depositors.
Synchrony profits surge 25% on higher credit card balances
The company, which partners with retailers on store credit cards, saw spending volumes slip during the third quarter. But cardholders' outstanding balances rose, driving more interest revenues.
TD money-laundering scandal puts supervision back under the microscope
For more than a decade, the bank allowed billions of dollars from illicit activities to flow through the U.S. financial system unchecked. Some are wondering why examiners didn't put a stop to it sooner.
20 largest banks and thrifts by assets
The top five banks and thrifts had combined assets of more than $13 trillion as of June 30, 2024.