Katherine Doherty

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BofA Says Consumer Spending Remains Resilient Despite Inflation

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Consumer spending on credit and debit cards was up 11% from a year earlier in June.

U.S. Consumers Are Holding Up Well Against Inflation, BofA's CEO Says

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In the first two weeks of May, consumers spent 10% more than they did last year, CEO Brian Moynihan said.

The Multibillion-Dollar Risk Driving Big Banks Away From SPACs

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Many special-purpose acquisition vehicles are struggling to seal the deals that are their reason for being.

Global Banks Flee The Monster SPAC Market They Helped Create

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Bank of America and Goldman Sachs are among the companies reducing their SPAC involvement.

Former Bank Of America Advisor Assigned To Rehabilitation After Racist Rant

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James Iannazzo was granted entry into a program that could lead to the charges against him being dismissed.

Tough-To-Crack Housing Market Has U.S. Buyers Eyeing Second Jobs

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The U.S. housing market has been on fire for the better part of two years.

Banks Accused Of ‘Woke,' Marxist Agendas As MAGA Comes To Annual Meetings

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The phenomenon is evidence of a divergence between conservatives and big business.

Crypto Billionaire Rankles Wall Street Titans With Derivatives Plan

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Technology could potentially enable trading in any asset class without exchanges, banks or other intermediaries.

Nearly Half Of Millennials Say They Live Paycheck To Paycheck

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Millennials are feeling crunched financially when previous generations would be hitting big milestones, a new survey says.

A-Rod Says Blockchain Can Bring Sports-Team Ownership To Masses

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Sports teams have been embracing the digital asset craze, including issuing “fan tokens.”

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