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Costs at the top US banks jumped more than $6.6bn, or 10 per cent, in the most recent quarter compared with the same period of last year as executives paid up for talent and technology to fortify their businesses against increasing competition from nearly every angle.  The increase in spending at JPMorgan Chase, Goldman Sachs,
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The breakneck pace of US consumer price increases seen since the start of the year accelerated in June, challenging the Federal Reserve’s case that the burst of inflationary pressures accompanying the economic reopening will prove temporary. The consumer price index rose 5.4 per cent in June from a year ago — above the nearly 13-year
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