Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.…
Goldman Sachs is in the spotlight as tech firms Arm and Instacart test IPO market
The return of large tech IPOs this week after a prolonged drought isn’t just a test of investors’ appetite for…
Early Revolut backer Lakestar leads $40 million investment in French fintech startup Swan
European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French…
Standard Chartered-owned crypto firm Zodia launches in Singapore
Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to…
Jamie Dimon says it’s a ‘huge mistake’ to think economy will boom with so many risks out there
JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it would be a “huge…
Goldman Sachs CEO David Solomon sees Wall Street rebound if tech IPOs perform
The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon told CNBC’s David…
‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update it
Italy’s shock tax on banks continues to prove controversial, even as the government insists it can improve it. Europe’s main…
USVI says JPMorgan notified Treasury of more than $1 billion in Jeffrey Epstein ‘human trafficking’ transactions after he died
JPMorgan Chase notified the Treasury Department of more than $1 billion in transactions related to “human trafficking” by Jeffrey Epstein…
A ‘historic’ result but still a ‘construction site’: Analysts react to blowout UBS earnings
UBS shares rallied to 15-year highs on the back of what analysts branded a “historic” earnings report, though Deutsche Bank…
UBS shares jump to 2008 highs after profit beat, job cuts announcement
UBS shares reached their highest point since late 2008 during early trade in Zurich on Thursday, after the Swiss banking…
