banks
Employee hospitalized, diagnosed with failed pancreas after US investment bank forced 110-hour work week: report
Junior bankers at Robert W. Baird, the century-old, privately held investment bank, said they were assigned 20-hour workdays.
Pot Inc. tells Trump it’s high time to loosen federal laws
The basic problem Pot Inc. faces in the US is banking.
Goldman shareholders OK $160M pay packages for David Solomon, John Waldron despite opposition
Proxy adviser Glass Lewis had earlier recommended investors cast vote against the compensation plans, citing the bank's "continued inability to align pay with performance."
Capital One gets green light to buy Discover for $35B and form credit card giant
The deal joins two of the largest credit card companies that aren’t banks first, like JPMorgan and Citi, with the notable exception of American Express.
Jamie Dimon sells $31.5M worth of JPMorgan shares in latest round of stock sales
JPMorgan, the largest US lender, last week surpassed its first-quarter profit estimates.
Trump poised to pick fight with big banks over lending for small businesses
"Trump wants these bankers to go back to running banks, not hedge funds, and that means lending to small businesses," one Trump insider told On The Money.
Why Wall Street is trying its best to stay on Trump's good side
These are highly regulated institutions, so why risk a surprise audit, or a mean tweet that could lead to days of bad publicity.
Secret fees grab millions a month from our MTA fares
Private companies are taking a substantial cut of every single subway swipe, bus ride, Metro-North ticket or LIRR pass — potentially hundreds of millions of dollars a year.
US Bank executive believed to be dead following plane crash near Minneapolis
“We are aware that the plane that crashed in Brooklyn Park on Saturday afternoon was registered to Terry Dolan, our vice chair and chief administration officer."
Student aid startup founder lied to JPMorgan to secure $175M deal: prosecutor
Javice's defense attorney urged an acquittal of his 32-year-old client, calling the proof “incredibly flawed.”
My family lost our life savings in a bank scam — don't ignore the red flags like we did
They’ve been duped out of their dough.
Morgan Stanley set to slash 2,000 jobs in move to improve efficiency
The layoffs represent up to 3% of the company's workforce, excluding financial advisers.
Trump nominates Fed Governor Michelle Bowman to be central bank's top cop: 'Economy has been mismanaged'
Her nomination was quickly met with praise from the banking industry and congressional Republicans, who touted her efforts to resist tougher industry rules.
JPMorgan credits this AI tool for boosting software engineers’ efficiency by up to 20%
The bank already has about 450 potential cases for which it could use AI, and CEO Jamie Dimon expects those potential applications to surge to 1,000 by next year.
Former Barclays CEO admits he had sex with Jeffrey Epstein assistant
The former JPM executive gave evidence to London's Upper Tribunal as he appeals against a proposed financial services ban.
Bank of America axes 150 junior banker jobs after layoffs at Goldman Sachs, JPMorgan
The layoffs are part of an annual process to cut under-performers. However, deal volumes have also fallen below expectations in the first half of the year.
I was debanked by JPMorgan Chase — but fought back and won
We found that most debanking victims are conservative or religious. Now, Chase is becoming the first major US bank to announce it will end faith-based and political discrimination.
CFPB drops lawsuit against JPMorgan, BofA, Wells Fargo alleging fraud on Zelle
The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, including one against Capital One.
Despised bank regulation agency just won’t die — despite Trump’s best efforts
The agency was created by lefty Sen. Elizabeth Warren and former President Barack Obama in the aftermath of the 2008 financial crisis as a consumer protection regulator.
CFPB drops slew of cases including against Capital One for allegedly cheating customers
The dismissals occurred while Trump's nominee to head the CFPB, Jonathan McKernan, was on Capitol Hill testifying before the Senate in a confirmation hearing.