As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.

The RMR Group entered into a new $100 million senior secured revolving credit facility. The initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option,

In a report released today, Keith Horowitz from Citi maintained a Buy rating on Bank of America (BAC – Research Report). The company’s shares closed yesterday at $46.64. Discover outperforming ...

Led by the California Mortgage Bankers Association, five lenders have made commitments to provide mortgage relief for the victims of the

Complaints about unfair and unexplained closures are rising. Banks say they never close accounts for political reasons.

Two other major lenders, Bank of America and Citi, face accusations of discriminating against customers over their political and religious beliefs, The Wall Street Journal reported on Wednesday.

Sieg, who was hired away from Bank of America Merrill Lynch in 2023 to revamp Citi's wealth business, said the private bank remains a key component of the overall growth strategy. "Over the past year, across Citi Wealth, we have refocused our business ...

A.B. 238, which would make it easy for victims of the Los Angeles County wildfires to get mortgage relief, will proceed despite voluntary agreements Gov. Newsom reached with hundreds of lenders.

The legislation would block foreclosures and allow homeowners who’ve suffered financially due to the L.A. fires to freeze payments without penalty. Several major lenders have already reached agreement with Gov.

Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.

The Federal Reserve is likely finished with rate cuts for the foreseeable future, according to a Bank of America Corp. (NYSE: BAC) expert who spoke at a local event.

U.S. banks reach record highs on strong Q4 earnings, driven by lending income, cost-cutting, and deal-making. Goldman Sachs predicts continued growth.