Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year’s…
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 at risk of quarterly loss after charges come in far higher than initially disclosed
Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s…
Mysterious crypto ‘dark money’ group ramps up lobbying efforts ahead of 2024 election
A new mysterious nonprofit group backed by the crypto industry has set up a mailing address about 100 miles away…
Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth
Like it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the…
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…
Goldman Sachs is betting on the small cap rally. Here’s how.
Small cap stocks are undergoing a resurgence, and Goldman Sachs Asset Management is looking to capitalize on it through the…
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance…
