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American Banks Had Their Most Profitable Quarter Ever

American Banks Had Their Most Profitable Quarter Ever

American banks are hauling in record-setting profits just as Congress prepares to cut regulations. Bank profits soared by 28 during the first three months of 2018 to 56 billion, according to statistics published by the FDIC on Tuesday.

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Are Apple, Amazon and Facebook the Future of Banking?

Are Apple, Amazon and Facebook the Future of Banking?

Watch out, big banks. Silicon Valley is targeting finance as the next industry ripe for disruption. In the not-too-distant-future, Amazon (AMZN) could let customers zap each other cash with Alexa, and then deposit the money in an Amazon-branded checking account.

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