Consumer banking

This Wednesday, Feb. 20, 2019, photo shows logos for credit cards in Zelienople, Pa. On Thursday, March 7, the Federal Reserve releases its January report on consumer borrowing. (AP Photo/Keith Srakocic)
March 07, 2019 - 4:07 pm
WASHINGTON (AP) — Consumer borrowing rose at a slightly faster pace in January as borrowing on credit cards rebounded after a slowdown in December. Borrowing increased by $17.05 billion in January after a $15.36 billion December gain, the Federal Reserve reported Thursday. The increase reflected...
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FILE- This Nov. 29, 2018, file photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo customers are experiencing issues with accessing online or mobile banking as well as other banking services, after a fire happened at one of the bank’s data centers. (AP Photo/Matt Rourke, File)
February 07, 2019 - 7:07 pm
NEW YORK (AP) — Smoke at one of Wells Fargo's data centers left some of the bank's customers without access to online or mobile banking as well as accessing cash from ATMs on Thursday. Wells Fargo said workers discovered the problem following routine maintenance. "We're working to restore all our...
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FILE- This Nov. 29, 2018, file photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo customers are experiencing issues with accessing online or mobile banking as well as other banking services, after a fire happened at one of the bank’s data centers. (AP Photo/Matt Rourke, File)
February 07, 2019 - 6:07 pm
NEW YORK (AP) — Smoke at one of Wells Fargo's data centers left some of the bank's customers without access to online or mobile banking as well as other services Thursday. Wells Fargo said workers discovered the problem following routine maintenance. "We're working to restore all our services as...
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FILE - This Aug. 22, 2003 file photo shows the corporate headquarters of BB&T in Winston-Salem, N.C. Southern regional banks BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks said Thursday, Feb. 7, 2019 that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households (David Rolfe/The Winston-Salem Journal via AP)
February 07, 2019 - 12:39 pm
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail...
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FILE- In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. Newly released court documents reveal that Facebook allowed children playing digital games on its social network to ring up huge bills on their parents’ credit cards while rejecting recommendations on how it could address a problem that the company dubbed “friendly fraud.” The internal Facebook memos and other records were unsealed late Thursday, Jan. 24, 2019, to comply with a judge’s order issued in a federal court case settled in 2016. The lawsuit centered on allegations that Facebook knowingly gouged teenage children by permitting them to spend hundreds of dollars buying additional features on games such as “Angry Birds” and “Barn Buddy.” (AP Photo/Richard Drew, File)
January 25, 2019 - 5:14 pm
SAN FRANCISCO (AP) — Facebook allowed children to rack up huge bills on digital games while the company rejected recommendations for addressing what it dubbed "friendly fraud," according to newly released court documents. The internal Facebook memos and other records were unsealed late Thursday to...
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January 23, 2019 - 3:43 am
WELLINGTON, New Zealand (AP) — People in Tonga could face several weeks without Facebook, YouTube and even some basic services like credit card transactions due to a fault in the undersea cable that connects the Pacific nation to the rest of the world. Something went wrong with the cable on Sunday...
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FILE - In this Monday, July 18, 2016, file photo, American Express credit cards are photographed in North Andover, Mass. American Express Co. reports financial results Thursday, Jan. 17, 2019. (AP Photo/Elise Amendola, File)
January 17, 2019 - 6:06 pm
NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or...
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FILE - In this Monday, July 18, 2016, file photo, American Express credit cards are photographed in North Andover, Mass. American Express Co. reports financial results Thursday, Jan. 17, 2019. (AP Photo/Elise Amendola, File)
January 17, 2019 - 5:38 pm
NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or...
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FILE - In this Monday, July 18, 2016, file photo, American Express credit cards are photographed in North Andover, Mass. American Express Co. reports financial results Thursday, Jan. 17, 2019. (AP Photo/Elise Amendola, File)
January 17, 2019 - 4:59 pm
NEW YORK (AP) — American Express is reporting that it swung to a fourth-quarter profit, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or $1.42 a share,...
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In this Thursday, Jan. 3, 2019, photo a realtor sign marks a home for sale in Franklin Park, Pa. On Thursday, Jan. 17, 2019, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Keith Srakocic)
January 17, 2019 - 12:03 pm
WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage was unchanged from last week at 4.45...
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