JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of…
Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC…
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.…
Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned.…
Wall Street CEOs try to convince senators that new capital rules will hurt Americans as well as banks
Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to…
Jamie Dimon says JPMorgan Chase would exit China if ordered to
JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered him to.…
These regional banks are at greatest risk of being taken over by rivals, according to KBW
A trio of regional banks faces increasing pressure on returns and profitability that makes them potential targets for acquisition by…
Goldman Sachs paid pro golfer Patrick Cantlay more than $1 million annually, sources say
Goldman Sachs paid professional golfer Patrick Cantlay more than $1 million annually in a sponsorship deal linked to the bank’s…
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of…
Amazon unveils buy now, pay later option from Affirm for small business owners
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use…
