The Treasury secretary says the Trump administration doesn't support separating commercial from investment banking; wealthy neighborhoods are designated as low-income, benefitting banks with branches there.
Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand.
Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump.
The value of digital currencies soared past $50 billion, raising concerns of a bubble; B of A plans to introduce AI-powered digital assistant this year.
The bank said it plans to cut $2 billion more from expenses over the next two years; Senate Banking Dems have questions about the choice of acting comptroller.
Appeals court throws out earlier ruling that federal bailout of giant insurer was illegal; Barclays chief likely to face angry shareholders at annual meeting.
Wells is expected to announce $3 billion more in additional spending reductions; B of A pays half the interest of other banks, but still rakes in deposits.
