Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO…
Morgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors
Morgan Stanley has officially kicked off the generative AI era on Wall Street. The bank plans to announce Monday that…
JPMorgan Chase to offer online payroll services as it steps up fight with Square, PayPal
JPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll processing, CNBC has…
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…
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…
Regional banks face another hit as regulators force them to raise debt levels
U.S. regulators on Tuesday unveiled plans to force regional banks to issue debt and bolster their so-called living wills, steps…
Goldman Sachs unloads another business acquired under CEO David Solomon
Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning.…
Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the…
Lloyd Blankfein says he ‘can’t imagine’ returning to Goldman Sachs
Former Goldman Sachs CEO Lloyd Blankfein said he couldn’t imagine returning to his old firm, disputing a news report that…
