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Tag: Banking

Consumers in “good shape,” card purchases increasing

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Consumers in “good shape,” card purchases increasing

Capital One's latest quarterly results, released on Thursday (October 24) after the market close, stated that cardholders continue to use credit as an important payment method and consumers remain in “good shape,” according to the CEO. The company's income allowances are noted Card purchase volume increased 5% to $166 billion. CFO Andrew Young said on […]

Bank of America says widespread service outages have been fully resolved

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Bank of America says widespread service outages have been fully resolved

Bank of America failure affects thousands Thousands of people were affected by Bank of America's extended outages. Some customers didn't get any money at the ATM, and some even saw zeros when checking their account balance. Fox-LA A technical issue that prevented many Bank of America customers from accessing their bank accounts on Wednesday has […]