BANK

Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance, Apple said, and users can set up an account from the Wallet app on their iPhones.

JPMorgan Chase & Co.’s third quarter profits fell by 17% from a year earlier, as the bank set aside roughly a billion dollars to cover potential losses in what CEO Jamie Dimon has said a could be a recession in six to nine months.

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

Investment banking giant Goldman Sachs saw its second-quarter profits fall nearly half from a year ago, as the markets turmoil and warnings of a possible recession caused the bank’s deal-making business to slow down considerably.

An attempted robber is dead after Houston police say another man shot and killed him outside a west Houston bank Saturday night.

Several Houston area customers said since BBVA USA merged with PNC Bank, they’ve experienced issues.

But if you’re not careful, you could fall for a scam that could drain your bank account in seconds. "So, I went to my bank account and he was saying, 'Ma’am, you need to stay on Cash App. The man on the other end of the line wasn’t with Cash App at all but in less than five minutes, he nearly depleted Sakala’s bank account. Cash App responseCash App is aware of the scam and says you should only contact them through its app or website. If you believe you have fallen victim to a scam, you should contact Cash App support through the app or website immediately.

LONDON Europes biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold. The bank's net profit was $192 million in the April-June quarter, down from $4.37 billion reported in the same period a year earlier. Near-zero interest rates meant to help businesses keep running with cheap credit are squeezing margins for lenders. The bank's chief executive, Noel Quinn, said in a presentation posted online that HSBC paused its restructuring efforts in the last quarter to focus on supporting its customers. The banks net profit fell 53% to $6 billion in 2019.

MISSOURI CITY, Texas – Lori Judd was shocked when she logged onto her late husband’s Chase Bank account and found that the balance seemed to be overdrawn by over $99 billion. Judd said the account belonged to her late husband, Brian Judd. Brian Judd died about three weeks ago and Lori Judd was in the process of closing up his accounts when she noticed the problem. KPRC 2 contacted Chase Bank and was told the account wasn’t actually overdrawn but that there was a hold on the account. After his passing, we put the debit on the account to protect against unauthorized withdrawals,” said Greg Hassell, a Chase Bank spokesperson.

HOUSTON – A man robbed a northwest Houston bank through its drive-thru window Thursday. The FBI said a man wearing a green sweater and blue hoodie robbed a drive-thru teller at a Bank of America in the 5200 block of North Shepherd at 8:30 a.m. He fled in a green Suburban. Officials did not release how much money was taken.