During the firm's conference call, Chairman and CEO David Solomon attempted to reassure investors about the costs of Marcus, declining to say when the investment bank might break even on the initiative.
A list of upcoming cases published by the high court did not include a challenge to the bureau's constitutionality, but the justices could still decide to review it at a later date.
A law signed last week by Democratic Gov. Gavin Newsom caps interest rates on installment loans. But three large lenders are looking to avoid its restrictions by partnering with banks.
Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader.
The bank is providing a point-of-sale loan to women seeking IVF treatments and getting funds to clinics, in some cases, within 24 hours.
Companies are turning off prospective customers and employees with misguided approaches.
Better-than expected trading results also helped to boost net income.
Existing investors SoftBank and Ant Financial are also expected to participate.