Banking

Survey: Minorities and young adults pay much higher bank fees

A survey from Bankrate.com finds that white banking customers are paying significantly less in fees than people of color and that older customers pay much less than their younger counterparts.

What's happening: The average person in the U.S. with a checking account pays about $8 per month on fees like routine service charges, ATM fees and overdrafts, but black and Hispanic customers reported spending twice that much.

JPMorgan, Citi start earnings season strong

Jamie Dimon, chairman & CEO of JP Morgan Chase
Jamie Dimon, chairman and CEO of JP Morgan Chase. Photo: Kena Betancur/AFP via Getty Images

JPMorgan Chase and Citigroup reported better-than-expected fourth-quarter earnings on Tuesday, while Wells Fargo missed.

What happened: JPMorgan's and Citigroup's stock both gained more than 1% while Wells Fargo dropped by over 5%.