U.S. bank earnings likely got a lift from mortgage lending in the first quarter, as lower rates spurred a surge in applications to refinance home loans, one of several glimmers of hope for a sector that has lately struggled with weak growth.
JPMorgan Chase & Co. will begin a trial in San Antonio on claims it cheated Texas mineral-rights owners of $681 million, after the parties failed to complete a deal to end the case. Settlement talks continue.
We know there are going to be attacks everywhere,” Dimon told investors at an annual meeting yesterday at the firm’s New York headquarters. Asked about challengers, the chief executive officer cited companies from Industrial & Commercial Bank of China Ltd. to Google Inc.