Tran­si­tions

The Washington Post Sunday - - TAKING STOCK -

Ten of the na­tion’s big­gest lenders, in­clud­ing JPMor­gan Chase and Bank of Amer­ica, to­gether made $30 bil­lion last quar­ter, just a few hun­dred mil­lion short of the record in the sec­ond quar­ter of 2007. That comes as the in­dus­try’s long cam­paign against post-cri­sis rules finds trac­tion with Trump’s ad­min­is­tra­tion. Many com­pa­nies are boost­ing their matches in em­ployee 401(k) plans, ac­cord­ing to a re­port by Van­guard Group, the in­vest­ment firm with $4.4 tril­lion un­der man­age­ment. Com­pany matches in 401(k)s are on track to hit 4.7 per­cent of em­ployee salaries this year, up from 3.9 per­cent in 2015 and way up com­pared with 3 per­cent in 2009 dur­ing the fi­nan­cial cri­sis.

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