JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
JPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload…
Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program…
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of…
Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
Dutch challenger bank Bunq told CNBC that it plans to grow its global headcount by 70% this year to over…
Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder
Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7…
JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses
JPMorgan Chase shares fell 5% on Tuesday after the bank’s president told analysts that expectations for net interest income and…
Federal Reserve unveils toned-down banking regulations in victory for Wall Street
A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts…
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its…
3 ways Wall Street’s largest banks are leveraging AI to increase profitability
Big banks are jumping into the AI arms race.
Visa debuts a new product designed to make it safer to pay directly from your bank account
Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit…
