• 0

The nation’s biggest banks are starting to feel pressure from the Federal Reserve, which has started a campaign to lower interest rates to keep the U.S. economy afloat. While profits at JPMorgan Chase, Citigroup, Wells Fargo and Bank of America were generally higher this quarter, one place a…

  • 0

Bank of America shares jumped after the bank beat Wall Street’s profit projections despite a steep write down on its investment in payment processor First Data. The Charlotte, North Carolina-based bank made 56 cents a share in the third quarter. Excluding the one-time charge, the bank’s prof…

  • 0

WASHINGTON (AP) — The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global growth that hampered manufacturing, and adverse weather hitting farmers.

  • 0

WASHINGTON (AP) — The Federal Reserve says it will buy roughly $60 billion a month in Treasury bills through mid-2020 to inject cash into the banking system and make it easier to control overnight lending rates.

  • 0

Prosperity Bancshares Inc.(NYSE: PB), the Houston-based parent company of Prosperity Bank, on Oct. 9 announced that it has received all regulatory approvals necessary to complete its previously announced merger with LegacyTexas Financial Group Inc. (NASDAQ: LTXB), the parent company of Legac…

  • 0

Shares in TD Ameritrade and other discount brokers tanked Tuesday after market giant Charles Schwab eliminated commissions on trading stocks and other assets, threatening the industry’s profits. TD Ameritrade lost 26% to $34.64, a three-year low, while ETrade fell 16%. Schwab itself closed d…

  • 0

WASHINGTON (AP) — The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Donald Trump's trade war with China and geopolitical risks such as the attacks on Saudi Arabia's oil facilities.

  • 0

AT&T shares soared Monday after activist hedge fund manager Elliott Management made a $3.2 billion investment and called for changes such as selling DirecTV and its Mexican wireless operations. The move comes as AT&T readies a streaming service following its $81 billion purchase of T…

  • 0

Eddie Broussard has been named regional president of Texas Capital Bank in Fort Worth, a role he assumed in September 2019 after serving as interim market leader for a year prior. He leads the Fort Worth team, drives Commercial and Corporate Banking in Tarrant County, and coordinates efforts…

  • 0

Wells Fargo, NeighborWorks America and its network member BCL of Texas, in collaboration with the cities of Arlington and Fort Worth, on Aug. 28 announced the expansion of Wells Fargo NeighborhoodLIFT program, which offers homebuyer education plus down payment assistance grants to eligible f…

  • 0

Lori Baldock has been promoted to Fort Worth market president for Simmons Bank. In this role, Baldock will lead Simmons Bank’s strategy, talent acquisition, and loan and deposit production for the Fort Worth market. She most recently served as the Midtown Banking Center president for Simmons.

  • 0

The nonprofit American Public Education Foundation released the first-ever1 national report card on K-12 state-mandated personal financial education in all 50 states and the District of Columbia: Vision 2020 Financial Literacy Report Card, 2019-2020. And guess what? Texas didn’t do too bad. …

  • 0

Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. He also said he would respond to Beijing's latest tariff increase later Friday.

  • 0

WASHINGTON (AP) — U.S. long-term mortgage rates are near historically low levels this week with the average on the benchmark 30-year loan falling to its lowest level since November 2016.

  • 0

NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for customers and invested heavily in new private label brands.

  • 0

WASHINGTON (AP) — Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all.

  • 0

Houston-based Quorum Software, a Thoma Bravo portfolio company and a leader in digital transformation for the oil and gas industry, announced today that it has acquired Fort Worth-based OGsys, the leading provider of cloud-based oil and gas accounting software for small and medium-sized busi…

  • 0

WASHINGTON (AP) — President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they're needed for more important long-term benefits. He contended he does not fear a recession but is nonetheless considering new tax cuts to p…

  • 0

WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.