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JPMorgan Chase (JPM) earnings Q4 2023

by Adrian Jhonsan
JPMorgan Chase (JPM) earnings Q4 2023

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. …

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Categories World

Citigroup to close global distressed-debt unit

by Adrian Jhonsan
Citigroup to close global distressed-debt unit

A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016. Michael Nagle …

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Categories World

Wells Fargo mortgage lenders probed over racial discrimination

by Adrian Jhonsan
Wells Fargo mortgage lenders probed over racial discrimination

People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage …

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Categories World

Goldman Sachs paid Patrick Cantlay more than $1 million a year

by Adrian Jhonsan
Goldman Sachs paid Patrick Cantlay more than  million a year

Patrick Cantlay of the United States plays his shot from the 18th tee during the final round of the Workday Charity Open on July 12, 2020 at Muirfield Village Golf …

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Categories World

Amazon to unveil Affirm buy now, pay later for small business

by Ev Richard
Amazon to unveil Affirm buy now, pay later for small business

Alain Jocard | AFP | Getty Images Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, …

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Categories Technology

Supermarket regional bank branches closing at higher rates

by Adrian Jhonsan
Supermarket regional bank branches closing at higher rates

Customers at a Safeway store in San Francisco. Getty Images American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid …

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Categories World

Goldman warns of hit to Q3 earnings on deal to offload GreenSky

by Adrian Jhonsan
Goldman warns of hit to Q3 earnings on deal to offload GreenSky

David Solomon, CEO of Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York on Dec. 6, 2022. Michael Nagle | Bloomberg | Getty …

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Categories World

Citigroup CEO sees cracks emerging among consumers

by Adrian Jhonsan
Citigroup CEO sees cracks emerging among consumers

Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank by assets has been …

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Categories World

Several banks including U.S. Bank and Fifth Third are currently under scrutiny

by Craig Fedirighi
Several banks including U.S. Bank and Fifth Third are currently under scrutiny

The Moody's ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank. Concern …

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Categories Business

Goldman Sachs Chief of Staff, John Rogers, Announces Decision to Step Back

by Craig Fedirighi
Goldman Sachs Chief of Staff, John Rogers, Announces Decision to Step Back

John Rogers, executive vice president and chief of staff at Goldman Sachs Group Inc., speaks during an interview at the Securities Industry And Financial Markets Association (SIFMA) annual meting in …

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