The second-largest US bank by assets, seen as an economic bellwether, reported a 13 per cent fall in consumer banking revenue to US$8.2 billion, citing lower rates and a fall in credit card activity. — Reuters pic
Net income applicable to common shareholders fell to US$5.21 billion , or 59 cents per share, for the quarter ended December 31 from US$6.75 billion, or 74 cents per share, a year earlier. The second-largest US bank by assets, seen as an economic bellwether, reported a 13 per cent fall in consumer banking revenue to US$8.2 billion, citing lower rates and a fall in credit card activity