Big banks are quietly cutting thousands of employees, and more layoffs are coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are ...
Tag: breakingNewsGlobal
Goldman Sachs tops estimates on stronger-than-expected bond trading
Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts' estimates on stronger-than-expected trading revenue.Here's what the company reported:Earnings: ...
Bank of America tops profit estimates on better-than-expected interest income
Brian Moynihan, CEO of Bank of AmericaHeidi Gutman | CNBCBank of America topped estimates for third-quarter profit on Tuesday on ...
This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., ...
Why borrowing costs for nearly everything are surging, and what it means for you
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the ...
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
Shannon Stapleton | ReutersMorgan Stanley has officially kicked off the generative AI era on Wall Street.The bank plans to announce ...
JPMorgan Chase to offer online payroll services as it steps up fight with Square, PayPal
Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses.Courtesy: Kelly ...
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
Martin Gruenberg, acting chairman of the Federal Deposit Insurance Corp. (FDIC), speaks during an Urban Institute panel discussion in Washington, ...
