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US bank profits fell by 69.6 percent, to $18.5 billion, in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to data from a banking regulator. The Federal Deposit Insurance Corp. reported that “deteriorating economic activity” caused lenders to write off delinquent debt …

An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from US financial markets, as the White House studies new ways to crack down on China. In a letter dated Thursday, The Committee on the Present Danger: China (CPDC) urged Treasury Secretary Steven …

Dashboard Confessional frontman Chris Carrabba is recovering after getting into a serious motorcycle accident. “My injuries were severe but not life threatening. I owe the amazing doctors, nurses and medical team treating me my endless gratitude,” Carrabba, 45, wrote in a note posted to social media. “I am determined to make a full recovery, but …

Car rental giant Hertz has filed for bankruptcy because it doesn’t have enough money to pay its debts — and its stock is soaring. Welcome to the coronavirus stock market, where mom-and-pop day traders addicted to free trading apps are taking control. The bankrupt car-rental company announced plans to sell up to $1 billion in …

Goldman Sachs said on Wednesday it had launched a $10 million fund to support the work of organizations addressing racial injustice, structural inequity and economic disparity. The bank will match employee donations to recipient organizations, it told customers of its online bank, Marcus. An e-mail by a Goldman employee about his experiences of racial injustice …

A group of financial lenders is angling to acquire Cirque du Soleil in a possible bankruptcy reorganization — and they may partner with its charismatic co-founder, The Post has learned. The cash-strapped circus — which was forced in March by the coronavirus pandemic to shutter dozens of shows in cities worldwide — on Monday got …

BTS and their management company Big Hit Entertainment donated $1 million to Black Lives Matter earlier this week, Variety reported Saturday. While the K-pop superstars didn’t comment on the donation on social media, both Black Lives Matter and Big Hit confirmed the transfer. Black Lives Matter managing director Kailee Scales told Variety, “Black people all …

Jamie Dimon’s first public sighting since he underwent heart surgery three months ago has resulted in a photo of him kneeling at a local Chase branch — sparking questions about whether he was “taking a knee” in solidarity with widespread racial justice protests. The 63-year-old CEO of JPMorgan Chase underwent emergency heart surgery on March …

Private equity firm Sycamore Partners is in preliminary talks to acquire JCPenney out of bankruptcy should the US department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. Shares of JCPenney jumped almost 55 percent on the news. JCPenney, which employs roughly 85,000 people, filed for bankruptcy protection …

If the narrator of popular rock docuseries “Breaking the Band” sounds familiar, that’s because it’s former Twisted Sister frontman Dee Snider — who’s parlayed his hard-rockin’ raspy pipes into a successful voiceover career. “I’m blessed with a voice that people like hearing,” says Snider, 65, on the phone from Belize, where he and his wife …