Earnings live: Bank of America stock rises on earnings beat, Wells Fargo stock dips

Earnings live: Bank of America stock rises on earnings beat, Wells Fargo stock dips

Days after President Trump proposed capping credit card interest rates at 10%, corporate executives warned that the policy would have wide-ranging ramifications and possibly hurt consumers if enacted. “If it happened the way it was described, it would be dramatic,” JPMorgan Chase CEO Jamie Dimon said on the company’s earnings call. JPMorgan is the nation’s … Read more

Virgin Atlantic airline files for United States bankruptcy protection

Virgin Atlantic airline files for United States bankruptcy protection

NEW YORK: Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 filing in U.S. federal bankruptcy court in New York after a proceeding in the United … Read more