banking
Jacob Rothschild’s death triggers 'Succession'-style battle for his $1B real estate and investment empire
With a family fortune estimated at $1 billion, according to The Sunday Times’ 2023 Rich List, naming the next Rothschild leader is being 🔴treated as seriously as the accession to...
Is the US economy heading towards 1970s-style stagflation? Here's what top strategists say
U.S. stocks smashe♋d a new record high last week, but the rally may not last for long thanks to heightened risks that the economy returns to a 1970s-style stagflation scenario.
Bank CEOs celebrate pay raises while jun♔ior bankers face another year of stingy bonuses
Bank bosses enjoyed pay hikes in 2023, while rank-and-file 🎃workers were handed another year of stingy bonuses, according to this week's round of earnings. Nowhere was thatꦰ more evident than...
Park Avenue bank ran Chinese Communist cel🧸l, ordered workers to follow party rules: lawsuit
The investment bank even ordered workers💫 not to "violate party policies," a 50-page federal🌳 case claimed.
Wall Street 'meme-lord' behind Litquidity account revealed as ex-Deutsche Bank dealmaker
Miami-born Henry "Hank" Medina described hi♔mself as "the observer" in an office full of "loudmouths" to the Financial Times, the first outlet to report on the man behind the @Liquidity...
꧟ Deutsche Bank to cut 3,500 jobs as quarterly profit plunges 30% on hit to US real e🍷state
Deutsche Bank on ꦏThursday said it plans to slash 3,500 jobs after reporting a 30% drop in fourth-quarter profit that included heavy losses in its US real estate holdings. Th🎃e...
Morgan Stanley paid James Goඣrman $37M in last year as CEO
Morgan Stanley's board awarded James Gorman a handsome 17% raise in 2023, making his total compensation for🐟 his last year as the bank's chief executive $37 million. On top of...
🥀 JPMorgan CEO Jamie Dimon gets🌠 $36M pay package, 4.3% raise in 2023
JPMorgan's board awarded chief executive Jamie Dimon a 4.3% raise in 2023ꦜ, lifting his annual pay to $36 million after the bank posted record profits for the fiscal year. The...
Citi to cut 20K jobs a♒s bank posts worst fourth-quarter loss in 15 years
Citigroup plans to slཧash 20,000 jobs o⛦ver the next two years after the struggling bank reported its worst fourth-quarter earnings in 15 years Friday.
JP🥂Morgan posts record profits for 2023 despite fourth-quarter hit
JPMorgan Chase's total net income for the year came in a𒀰t $49.6 billion, th🅺e most ever in the history of American banking.
'Money Kings': German-Jewish immigrants made New York City's financial industry happen
A new book describe🎐s how a group of German-ಞJewish immigrants made New York City's financial industry happen.
Wall Street banks propel Da♎llas to second behind NYC in number of finance workers
Ther🎀e'e big dollars flowing𝄹 into Big D.
I'm a hacker — 5 signs your accounts have been compromised
Bꦦeware, cybercriminals may have access to your personal inf𒉰ormation — but there are some ways to spot it.
Bank mistakenly deposits more than $86M into client's account
A client of Malaysia's biggest bank opened her account only to find that more ღthan $86 million had mysteriously been added to her balance.
Here's how much Wall Street bonuses are expected to drop this year as dealmaking dries up
This year will be another bummer on Wall Street, with bankers facing bonuses that could shrin๊k as much as 25% ✨as dealmaking dries up amid surging interest rates, according to...
Apple, PayPal could face bank-like supervision under federal watchdog's proposal
The proposal marks a long-anticipated and ambitious move by CFPB Director Rohit Chopra to assert the agency's full authority over Big Tech, a sector he has frequently criticized for privacy and competition.🌼..
Citigroup mulling layoffs as part of CEO Jane Fraser's 'Project Bora Bora': report
Citigroup CEO J🥃ane Fraser announced that she was implementing a massive reorganization known internal🐈ly as "Project Bora Bora," which is set to include a hefty round of layoffs, according to...
NY's grip as finance capital imperiled by high taxes, poor business climate: report
New York is losing its grip as the nation's financial services cap🥀ital as the population of high income residents plummꦬets amid high taxes and housing costs, a sobering new study...
Wall St ꧋bonuses may drop 16% as higher rates threaten businesse🗹s
The Federal Reserve is tiptoeing towards the end of its tightening cycle, though rate cuts in 2024 are expected to be fewer than previously expected as the central b🤡ank seeks...
Wells Fargo p🌞ays $35M fine for charging excessive advisory fees: SEC
Wells Fargo has reportedly been overcharging nearly 11,000 inve𒊎stment accounts over the past decade. Without admitting to the violation, the bank agreed to pay the SEC $35 million.