HAGERSTOWN — Nearly 100 workers are being laid off at a Citigroup operations center north of Hagerstown. The Herald-Mail reports that 64 office jobs and 30 home-based jobs are being eliminated. There will still be about 1,800 people employed at ...Read More »
WASHINGTON — The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem ...Read More »
WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released ...
Tagged with: bank bank of america corp Banks Citigroup Inc. earnings Economy FDIC Federal Deposit Insurance Corp. housing market industry interest rates JPMorgan Chase & Co. revenue rose united states wells fargo & coRead More »
NEW YORK — Stocks opened the week lower Monday after the German government played down hopes that a solution to Europe’s debt crisis was imminent. Expectations that a resolution to the crisis could be reached at a European summit in ...Read More »
NEW YORK — Investors are bracing for a rough earnings season from banks. Turbulence in stock and bond markets, combined with waning confidence among business and consumers, hurt banks’ business in the third quarter. IPOs were shelved, companies postponed plans ...Read More »
NEW YORK — Bank of America said Wednesday the Federal Reserve has objected to its plan for raising its dividend in the second half of this year, a setback that suggests regulators need to see more evidence that the nation’s ...Read More »