Business

摘要

America's big banks reported a poor set of quarterly earnings. Bank of America's headline net profit of $6.2 billion was boosted mostly by accounting quirks and cash it has reaped from selling assets (it is now no longer America's biggest bank by assets, ceding that title to JPMorgan Chase). Citigroup and Wells Fargo posted healthy rises in income, but both also recorded their first increases for two years in missed payments on consumer loans and mortgages.