Some JPMorgan traders catch Covid as bank reopens offices
Few other banks or financial companies had been as insistent about returning workers to the office
- September 15, 2020 September 15, 2020
- 16:05
Few other banks or financial companies had been as insistent about returning workers to the office
Profits have slumped 70% year over year as bad loans pile up
Bank of America revising its balance sheet to withstand recessionary effects into 2022
The investment bank's trading desks benefited from market volatility
The largest U.S. banks could collectively lose $700 billion in a worst-case pandemic scenario
The coronavirus outbreak has bought the U.S. economy to a virtual standstill
The deal follows Charles Schwab and TD Ameritrade's merger last year
Morgan Stanley's wealth management arm also had a solid quarter
Higher interest rates and lower corporate taxes were the main factors
U.S. banks set a record by making more than $60 billion in profits in the second quarter, federal regulators said Thursday, up more than 25% from a year earlier. The Federal Deposit Insurance Corporation said the profit boost came because banks have been able to charge more interest on loans in recent months and received […]