Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
Financial services companies and their digital technology suppliers are under intense pressure to achieve compliance with strict new rules from…
Jamie Dimon says he still sees a recession on the horizon
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S.…
JPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm…
Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs…
This AI-powered financial advisor has quickly gained $20 billion in assets
An automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive…
Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate…
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
After a yearlong search, Rana Robillard was elated to learn she’d beaten three other bidders for a house in the…
Warren Buffett’s Berkshire trims Bank of America stake for the first time since 2019 after strong rally
Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in 4½ years following the bank’s strong…
CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers
The Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in…
HSBC appoints Georges Elhedery as group CEO starting Sept. 2
HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery, who is the…
