banks
JPMorgan's CEO says many 'extremely' qualified execs are prepared to run bank
Jamie Dimon previously signaled his timeline for stepping down is no longer five years and could be as soon as two-and-a-half years.
Top Wall Street rainmaker left Evercore after 'affair' with younger banker: sources
It was announced in April that Adam Taetle, 55, would leave his job as a senior managing director at Evercore. He joined Lazard at the end of June.
TikTokkers are trying to exploit a Chase Bank 'glitch' — and discovering it comes at a huge cost
Experts say the "glitch" videos look an awful lot like check fraud — one of the oldest scams in the book.
Mom of four battling 9/11-related cancer fired days before Christmas while undergoing emergency chemo: suit
Bonnie Lam, 56, was diagnosed with leiomyosarcoma, a rare cancer of the body's involuntary muscles, such as blood vessels, the stomach and intestines.
Ex-bank CEO sentenced to 24 years for embezzling $47M in crypto scheme
Former Heartland Tri-State Bank CEO Shan Hanes was duped by scammers in a “pig butchering” scheme, federal prosecutors said.
B. Riley co-founder offers to buy embattled bank in $212M deal as fed scrutiny mounts
The take-private bid comes after several months of turmoil stemming from the bank's association with Vitamin Shoppe-owner Franchise Group, which attracted scrutiny from investors and regulators.
JD Vance recounts journey from 'troubled kid' to Marine in veteran-focused speech, slams Walz's 'stolen valor'
Speaking to a group of veterans in Pennsylvania, Sen. JD Vance opened up about his journey from a "troubled kid" to a US Marine while excoriating Minnesota Gov. Tim Walz...
JPMorgan CEO's No. 2 sees power base eroded by boss's exec reshuffle: report
Speculation among insiders at JPMorgan is rife that Daniel Pinto, president of the bank, could be on his way out after an organizational restructure.
Goldman Sachs latest to pull out of climate alliance as political pressure mounts
Some big players have also left this year, including Invesco, JPMorgan's fund division and State Street Global Advisors.
Wall Street bonuses could surge by up to 35% in 2024 as deal-making rebounds: report
Johnson Associates, a consultancy that tracks compensation at major financial firms, said debt underwriters would be the biggest winners by the end of this year,
JPMorgan, big banks facing probe over peer-to-peer payments: report
Banks have argued that covering the cost of scams will encourage more fraud and potentially cost billions of dollars.
Microsoft investigates new outages in 365 services after global CrowdStrike debacle
Microsoft said Tuesday that is probing outages impacting its 365 office applications and services after the global CrowdStike chaos earlier this month. The tech giant said some of its 365...
Paid summer internships plunge as major US banks, companies trim costs
Major US banks like Goldman Sachs and JPMorgan hired fewer interns this year than they did last year.
Take Friday's IT nightmare as a warning of what a cyberattack could do
The global Microsoft computer outage initiated by a faulty CrowdStrike security update gave us a taste of what actual cyberwarfare could do.
Why is the internet down? What to know about the global Microsoft outage linked to CrowdStrike
Major cybersecurity provider Crowdstrike issued a faulty software updated that impacted users of Microsoft’s Windows operating system, many of whom were greeted with crashing computers and the so-called “blue screen...
CrowdStrike CEO speaks out after failed tech update causes worldwide chaos at airports and banks
The CEO of the cybersecurity firm at the heart of Microsoft’s worldwide outage choked on his words as he apologized for wreaking havoc early Friday – but couldn’t give a...
Goldman Sachs profit more than doubles to $3B as Wall Street dealmaking rebounds
After a foray into consumer banking flopped, Goldman has refocused on its traditional mainstays - investment banking and trading.
JPMorgan CEO warns inflation and interest rates may stay higher for longer than expected
JPMorgan Chase, Wells Fargo and Citigroup exceeded LSEG analysts' second-quarter expectations.
The race to succeed JPMorgan's legendary CEO widens
Dimon recently shocked the banking world when he said he would step down sooner than his original time frame of five years.
JPMorgan warns customers they may have to pay for checking accounts
“The banks say that their only option is to pass on their costs to customers, but that’s not true,” the president of an economics think tank said of banks charging...