Latest Jamie Dimon News

Banks upbeat on US consumer despite bank profit declines, inflation and rising debt levels

Jan. 12, 2024 18:27 PM EST

NEW YORK (AP) — The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal with the lingering industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank. ...