Big bank earnings show consumers may be losing spending steam

Bank of America, for instance, reported that its net charge-offs — debts unlikely to be recovered — rose to $1.5 billion year over year, up from $807 million in the prior-year period. At the same time,These figures raise concerns about whether consumers can sustain their current spending habits in an inflationary environment.

Trump says $175 million bond is financially secure, asks judge to reject New York attorney general’s challenge Canada's inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate-cut bets

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Bank earnings, stock futures, oil prices: 3 ThingsBank of America (BAC) and Morgan Stanley (MS) both topped their first-quarter earnings estimates with the major bank stocks rising ahead of Tuesday's market ...
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Bank of America Cuts Space in Hong Kong in Blow to Office MarketBank of America Corp. is cutting some office space in its headquarters in Hong Kong’s Central district, according to people familiar with the matter, underscoring the headwinds for the city’s commercial landlords.
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