Latest Banks News

FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Tech, communications stocks push US indexes to more records

Jan. 17, 2020 5:05 PM EST

Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. The benchmark S&P 500 index also notched its second-straight weekly gain. Technology stocks powered much of the market's broad gains, along with communication services companies...

Attendees participate in a worship service during the Mosaix Global Network's Multiethnic Church Conference on Nov. 5, 2019, in Keller, Texas. A decades-long, still burgeoning movement is trying to integrate Christian worship services, aiming to refute the oft-quoted saying by the Rev. Martin Luther King Jr. that Sunday mornings are the most segregated time of the week in the United States. (Adelle M. Banks/RNS via AP)

Multiracial churches growing, challenge for clergy of color

Jan. 16, 2020 5:43 PM EST

KELLER, Texas (RNS) — For four hours at a megachurch outside of Dallas, pastors of color shared their personal stories of leading a multiethnic church. One, a lead pastor of a Southern Baptist congregation in Salt Lake City, recalled the “honest conversations” he had with his 10-member...

Man sentenced in 2012 killing of 7-year-old Chicago girl

Jan. 16, 2020 4:42 PM EST

CHICAGO (AP) — A Chicago man who was convicted of first-degree murder in the 2012 killing of a 7-year-old girl was sentenced Thursday to 60 years in prison. Jerrell Dorsey, 33, was sentenced by a Cook County judge, following his April conviction in the shooting of Heaven Sutton outside her home. He was one...

FILE - In this Tuesday, Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley reports financial results Thursday, Jan. 16, 2020. (AP Photo/Mark Lennihan, File)

Morgan Stanley's 4Q profits jump, helped by trading boost

Jan. 16, 2020 8:52 AM EST

NEW YORK (AP) — Morgan Stanley's fourth-quarter profits jumped 46% from a year earlier, the company said Thursday, helped by a massive boost from the bank's trading desks. The investment bank said it earned a profit of $2.24 billion, or $1.30 per share, compared with a profit of $1.53 billion, or 80 cents...

Investors monitor stock prices at a brokerage in Beijing Thursday, Jan. 16, 2020. Share prices are mixed in moderate trading in Asia after the U.S. and China signed a preliminary trade agreement that investors hope will bring better relations between the two biggest economies. (AP Photo/Ng Han Guan)

Asian shares mixed after signing of China-US trade pact

Jan. 15, 2020 11:42 PM EST

Share prices were mixed Thursday in moderate trading in Asia after the U.S. and China signed a preliminary trade agreement that investors hope will bring better relations between the two biggest economies. Japan's Nikkei 225 was flat Thursday at 23,925.70, while the Kospi in South Korea added 0.2% to 2,236.01....

Veteran referee Vinovich heads Super Bowl crew

Jan. 15, 2020 5:24 PM EST

NEW YORK (AP) — Veteran referee Bill Vinovich will head the crew for the Super Bowl in Miami. Vinovich is in his 15th season as an NFL official. He previously worked the 2015 game between New England and Seattle. It's been a difficult season for NFL officials and the league went with one of its most...

FILE - In this Oct. 21, 2013, file photo, the JPMorgan Chase logo is displayed at their headquarters in New York. Banking giant JPMorgan Chase said that its fourth-quarter profits jumped 21% from a year earlier, as the bank's trading desks had a blowout quarter. A sharp increase in JPMorgan's trading business made up for declining interest rates, which impacted other parts of the bank. (AP Photo/Seth Wenig, File)

Banks post big profits, but lower interest rates are a worry

Jan. 14, 2020 2:57 PM EST

NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of money on their credit cards, buoyed by a strong job market and steady economic growth. On Tuesday, JPMorgan Chase reported a...

FILE - In this Nov. 20, 2019 file photo, Elizabeth Banks poses for photographers upon arrival at the UK premiere of 'Charlie's Angels', at a central London cinema. Harvard University's famed Hasty Pudding theater troupe has named Banks as the group's 2020 Woman of the Year. The troupe's leaders made the announcement Tuesday, Jan. 14, 2020 saying Banks was chosen because of her impact in Hollywood as a female director, producer and writer. (Photo by Joel C Ryan/Invision/AP, File)

Elizabeth Banks to be honored by Harvard's Hasty Pudding

Jan. 14, 2020 11:01 AM EST

CAMBRIDGE, Mass. (AP) — Harvard University's famed Hasty Pudding theater troupe has named actor and director Elizabeth Banks as the group's 2020 Woman of the Year. The troupe's leaders made the announcement Tuesday, saying Banks was chosen because of her impact in Hollywood as a female director, producer...

FILE - In this Feb. 8, 2019, file photo, the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange.  Citigroup’s fourth-quarter profits rose by 15% from a year earlier, as the bank benefited from a boost in trading similar to its competitor JPMorgan Chase. Citi said Tuesday, Jan. 14, 2020,  that bond trading revenues were up 49% from a year earlier, when a steep downfall in the last quarter of 2018 took its toll on all banks’ trading desks.  (AP Photo/Richard Drew, File)

Citigroup profits rise 15%, helped by trading like JPMorgan

Jan. 14, 2020 9:08 AM EST

NEW YORK (AP) — Citigroup's fourth-quarter profits rose by 15%, as the banking conglomerate benefited from a boost in trading similar to competitor JPMorgan Chase. The New York-based bank said Tuesday that it earned a profit of $4.98 billion, or $2.15 per share, compared with a profit of $4.3 billion, or...

Beach ranger: North Carolina surfer suffers shark bite

Jan. 14, 2020 7:57 AM EST

RODANTHE, N.C. (AP) — A North Carolina man taking advantage of unseasonably warm weather was bitten by a shark while surfing off the coast Monday afternoon, according to a chief beach ranger. A 26-year-old was taken to the Outer Banks Hospital about 2:30 p.m. with injuries that weren't considered...