Bloomberg Jerome Powell opened the door to the Federal Reserve raising US interest rates four times this year as he acknowledged stronger economic growth may prompt policy makers to rethink their plan for three hikes. “My personal outlook for the economy has strengthened since December,” the Fed chairman said in response to a question about what would cause the central ...

Bloomberg JPMorgan Chase & Co is the most profitable bank in US history. It expects to keep that title with help from the Fed and Donald Trump. Higher US interest rates engineered by the Federal Reserve and lower corporate taxes spearheaded by the Trump administration translate into about $7 billion more in pretax profit in coming years, JPMorgan said in ...

Bloomberg Bank of Nova Scotia’s focus on international banking is paying off. The Canadian lender, which has operations in about 50 countries, earned a record C$725 million ($571 million) from overseas businesses in the fiscal first quarter, up 14 percent from a year earlier. Those contributions, along with gains in Canadian banking, helped it post total profit that beat analysts ...