big banks
Goldman Sachs, JPM🐼 weigh paying abortion travel costs: report
Major US banks Goldman Sachs and JPMorg🔯an Chase are discussing extendin♓g abortion benefits for employees to cover travel, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
Jefferies resumes remote work, cancels travel and parties over fresh 🍎COVID fear🌳s
Jefferies Financial Group on Wednesday canceled all client parties and most travel, asking employees to work from home when possible due to ♚a spate of COVID-19 cases. The firm has...
Goldman CEO David Solomon beats 'back-to-office' drum — from LA
The Goldman honcho said from a Beverly Hills conference that an in-perso🌄n culture is critical for the New York-based bank, where more than 50 percent of employees are under 30. ♔
༺ Wells Fargo to pay $37 million in foreign-exchange fraud case
🔯 Wells Fargo on Monday reached a $37.3 million settlement to resolve US government accusations that it fraudulently overcharged hundreds of commercial customers who used its foreign exchange services. The settlement...
♈ Wells Fargo is reportedly closing all🧸 personal lines of credit
Wells Fargo is shutting down all existiꦗng personal lines of credit and is not offering the consumer lending product anymore, CNBC reported on Thursday.
ꦕ Big bank CEOs tell investors trading boom could turn into a bust
After a year of eye-popping earnings, bank CEOs are warning shareholders that all good thing♓s must come to an end. 𝕴
Archegos reᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚportedly eyeing insolvency a💝s banks seek to recoup losses
Archegos Capital Management, the family office run by former Tiger Asia manager Bill Hwang, is prepari⛄ng for insolvency as banks involve༒d in financing its trades seek to recoup some of...
Goldman Sachs names its smallest partne𓃲r class in decades
Goldman Sachs just revealed its smallest partner class in decades as Chief Executive David Solomon further shrinks the megabank’s elite inner circle. The ꦑ$2 trillion financial services giantဣ said Tuesday...
Citigroup fined $400 million over 'longstanding' internal failures
The൩ feds slapped Citigroup with a $400 million fine after finding "serious and longstanding deficiencies" in the megabank's internal practices. Regulators on Wednesday ordered Citi to fix its faulty risk...
Big banks subpoenaed in f💙ederal probe of possible coronavirus loan fraud
Some big banks have received grand jury subpoꦑenas as part of a federal investigation into possible fraud involving the $660 billion coronavirus emeꦛrgency loan program for small businesses, according to...
Wells Fargo to pay $3B to settle fake accounts probes 🌟
Wells Fargo will pay $3 billion to settle investigations into its long-running scam that had company employees opening millions of ﷽bogus bank ac𒆙counts in order to meet unrealistic sales goals....
Cost-cutting, layoffs ahead for scandal-plagued Wells Fargo, analyಞst warns
Scandal-plagued Wells Fargo’s road to recovery will be long and painful — marked by cost-cutting and more layoffs than originally foreca👍st. As much as 10 percent of the bank’s current...
W𝔉estpac Bank chief resigns over $7 billion money-laundering scandal ꦐ
PERTH, Australia — The chief executive of Australia’s second-biggest bank said Tuesday 👍he plans to resign following accusations Westpac committed 23 million breaches of anti-money laundering and counterterrorism financing laws....
New York AG opens pಌrobe into💯 Capital One breach
New York Attorney General Letitia James said Tuesday she will open a probe into the massive Capita🍌l One cred💝it card breach. About 100 million Americans had their personal information --...
💝 Citigroup fined $1.25M for inadequate background checks when hiring
Citigroup hired three convicted crimin༒als over a seven-year period after failing to run adequate background checks on more 🎐than 10,000 employees, an industry watchdog said. The Wall Street giant headed...
Wells Fargo hired shady broker who depleted family's finances: claim
⛄Wells Fargo tapped a stockbroker with a spotty work history — including a stint at a Mafia-linked boiler room — and ❀turned a blind eye to years of suspicious trades...
Wall Street stress relief marks a bi🍎g win for major banks
The Federal Reserve announced it would no longer flunk banks based on operational or risk management lapses during its annual health check of the country’s domestic banks. The “qualitative” portion... 🥃
Probe into Wall Street b🐈anks over rigging US Treasury auctions stalls
๊ A politically dicey investigation into Wall Street banks ꩵallegedly rigging US Treasury auctions has stalled due to a lack of evidence, and it’s unclear if the federal government will bring...
Morgan Stanley profit disappoints on bond-trading sl🍷ump
That was🐷 embarrassing. Morgan Stanley shares tumbled 6 percent after it posted a surprisingly weak quarterly profit on Thursday, as solid fees from arranging megamergers were offset by a steep...
Bank꧋ of America profit top🌜s estimates
Bank of America reported better-than-expectedꦫ fourth-quarter profit as higher interest income and loan growth eclipsed declines in revenue from investment banking and bond trading, sendinౠg its shares up 3 percent....