Consumer banking

A Mi-26 military helicopter flies over a statue of the Mother Motherland at the Piskaryovskoye Memorial Cemetery where more than half million Leningrad Siege victims were buried during the World War II, during a rehearsal for the Victory Day military air parade which will take place on May 9, in St.Petersburg, Russia, Thursday, May 7, 2020. The Russian air force conducted a rehearsal for the flyover intended to mark the 75th anniversary of the victory over the Nazis on May 9, but the planned military parade is postponed due to the coronavirus outbreak, leaving only the flyby. (AP Photo/Dmitri Lovetsky)
May 07, 2020 - 1:05 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LODGING: All aspects of travel, road, rail...
Read More
FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, April 15, 2020. (AP Photo/Steven Senne, File)
KNSS News
April 15, 2020 - 11:11 am
NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by...
Read More
FILE - In this Aug. 16, 2019 file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange. JPMorgan Chase & Co. reports financial results on Tuesday, April 14, 2020. (AP Photo/Richard Drew, File)
April 14, 2020 - 6:56 am
NEW YORK (AP) — JPMorgan Chase said Tuesday that its first-quarter profits plunged by 69% from a year ago, as the bank was forced to set aside billions of dollars to cover potential losses tied to the coronavirus pandemic. Chase, the nation’s largest bank by assets, is among the first of the major...
Read More
April 13, 2020 - 12:58 pm
DENVER (AP) — Colorado has made online sales of recreational marijuana legal during the coronavirus pandemic, fulfilling one of the pot industry's biggest wishes and fueling its argument for more concessions that could be made permanent when the crisis eases. It's one of several signs emerging from...
Read More
FILE - In this March 18, 2020 file photo, visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns. The coronavirus pandemic has already hurt many households financially.  Americans have been hit with layoffs, furloughs and reduced hours across the country. Those who have not are still facing massive economic uncertainty. Experts say it's more important than ever to manage your budget, reach out to lenders and seek protections available to those hit by the economic impact of the virus. (AP Photo/John Minchillo, File)
March 31, 2020 - 2:22 pm
The coronavirus has dealt a financial blow to millions of Americans and now April's bills are coming due. The good news is there is help available. Reach out immediately to your mortgage lender, student loan servicer or utility provider to see what's available. Other assistance, such as stimulus...
Read More
A woman walks in Canary Wharf, during rush hour, in London, Wednesday March 25, 2020. For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. (Victoria Jones/PA via AP)
March 25, 2020 - 12:34 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace: HOUSING: Economists...
Read More
FILE - This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading coronavirus.(AP Photo/Mark Lennihan, File)
March 20, 2020 - 1:18 am
NEW YORK (AP) — In a world suffering a pandemic, cash is no longer king. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading...
Read More
FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, March 12, 2020, U.S. long-term mortgage rates were mixed this week after hitting all-time lows last week amid anxiety over risks to the economy from the deepening coronavirus crisis. (AP Photo/Steve Helber, File)
March 19, 2020 - 10:51 am
WASHINGTON (AP) — U.S. long-term mortgage rates climbed this week in a whip-sawing market amid deepening anxiety over devastation to the economy from the coronavirus pandemic. Home loan rates had hit all-time lows two weeks ago. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
Read More
March 06, 2020 - 3:11 pm
WASHINGTON (AP) — U.S. consumer borrowing slowed in January as borrowing on credit cards declined following a huge surge in December. The Federal Reserve said Friday that consumer credit rose by $12 billion following a $20.3 billion surge in December. The December number reflected the biggest...
Read More
February 27, 2020 - 10:40 pm
ANCHORAGE, Alaska (AP) — Alaska state officials reacted with alarm this week after a second large U.S. bank said it would not support future oil and gas projects in the Arctic. The state's energy commission responded by shredding his Chase credit card after JPMorgan Chase & Co. announced a...
Read More

Pages