Browsing: Banks
Bank of America data shows today marks beginning of the S&P 500’s ‘strongest’ average 10-day period of the year…over 96 years
The first week of July since 1928 has secretly marked the most successful two-week period for investors in the S&P…
JPMorgan, BofA and other top banks shower investors with fatter dividends after easily passing the Fed’s stress tests
The biggest US banks took turns announcing higher payouts to investors Friday after easily passing the Federal Reserve’s annual stress…
The Supreme Court today overruled a decades-old decision that let judges defer to a regulator’s interpretation of complex statutes, so…
Stressed-out junior bankers have chest pains at the office but keep working as 100-hour weeks return to Wall Street
To see the stress mounting again on Wall Street’s junior bankers, just look a half-rung higher, at staffers. Not staff, as…
Rumors of American consumer strife are greatly exaggerated, Affirm CEO and PayPal cofounder says
Reports of American consumers’ inability to pay their bills—or their waning interest in shopping—are greatly exaggerated. That’s according to one…
Federal Reserve governor Lisa Cook isn’t afraid of losing her job to robots anytime soon. Speaking during a luncheon at…
Citigroup Inc. hosted its annual investor day this week, with a big push from CEO Jane Fraser to redefine how…
Beware finance bros: AI is coming for banking before any other kinds of jobs, Citigroup warns
Bad news for the 1%: per a new exhaustive report from Citigroup, finance is on track to bear the brunt…
Banks don’t want to inspect your home office, so they’re forcing hundreds of employees to come in five days a week
Work from home regulations for banks are changing, and some of the industry’s biggest players would rather bring employees in…
Jamie Dimon teases that his departure from JPMorgan is getting closer, saying timeline is ‘not five years anymore’
Jamie Dimon has long joked that his retirement is five years away, no matter when he’s asked. But not on…