Browsing: Banks
Banca Monte dei Paschi di Siena SpA said Chief Executive Officer Luigi Lovaglio has been notified he is under investigation…
South Korean banks offer baby bonuses, flexible schedules, and years-long sabbaticals while U.S. women leave the workforce in droves
Working women across the world continue to face wage inequality and a rollback in leadership representation—and the “motherhood penalty” makes…
A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves
In August 2015, former UBS banker Tom Hayes sat in a London courtroom after being found guilty of eight counts…
Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade
Bank of America’s annual spending on new, strategic technology initiatives, which includes investments in artificial intelligence, has increased by 44%…
Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe
As the fintech sector comes roaring back, companies like Ramp and Stripe have dominated headlines with eye-popping funding rounds and…
JPMorgan balks at $115 million legal tab for convicted fraudsters and says Charlie Javice’s lawyers are treating it ‘like a blank check’
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two…
U.S. jury issues $20 million verdict against France’s largest bank over Sudanese atrocities
A federal jury in New York has issued a nearly $21 million verdict against France’s largest bank for giving the…
As Wall Street banks crush records, America’s regional banks spook investors—but there’s a key difference from when SVB went bust
The tension between Wall Street and Main Street was on display this week as the country’s top banks reported blowout…
Top investment bank CEO says he was ‘defrauded’ by the bankruptcy that’s rattling Wall Street. Famous shortseller sees an Enron moment
A leading Wall Street investment bank’s top executive claims to have been “defrauded” in the bankruptcy saga surrounding First Brands…
Morgan Stanley posts biggest earnings beat in nearly 5 years with record quarterly revenue of $18.2 billion, shares up 4.7%
Morgan Stanley posted a blockbuster third-quarter earnings report on Wednesday, far surpassing analyst expectations and posting its biggest earnings beat…












