NEW YORKâBig U.S. banks including JPMorgan Chase & Co. and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans. JPMorgan Chairman and CEO Jamie Dimon have recently warned of growing recession risks and braced investors…
US Treasury Decreases Third-Quarter Borrowing Estimate
The U.S. Treasury said on Monday it plans to borrow $673 billion in the third quarter, less than the May estimate of $821 billion, due to having a higher balance at the beginning of the quarter and lower outlays. The third-quarter estimate assumes an end-Sept. cash balance of $750 billion, the Treasury said in a…
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