Tag: breakingNewsGlobal

Wall Street CEOs try to convince senators that new capital rules will hurt Americans as well as banks

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup;...

JPMorgan, Wells Fargo and Morgan Stanley to boost dividends after clearing Fed stress test

Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023.CNBCLarge U.S banks including JPMorgan Chase, Wells Fargo and Morgan Stanley said...

Solar tech company Nextracker prices above range at $24 a share in good sign for IPO market

choja | E+ | Getty ImagesThe solar technology company Nextracker priced its initial public offering just above its stated $20 to $23 per share...

Goldman’s Apple Card business has a surprising subprime problem

The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman...

Binance, led by the world’s richest crypto billionaire, is taking a $200 million stake in Forbes

Binance, the world's biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned.The...

SoftBank-backed fintech DriveWealth is adding crypto to take on Coinbase’s ‘unsustainable’ fees

Bob Cortright of DriveWealthSource: DriveWealthDriveWealth, the SoftBank-backed start-up that helps fintech firms including Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned.The...

Citigroup CEO Jane Fraser faces disgruntled employees, regulators’ demands in difficult first year

Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal...

Boom times are back on Wall Street as some Goldman partners mint $15 million pay packages

Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August...

Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses

People walk along Wall Street in the rain on July 08, 2021 in New York City.Spencer Platt | Getty ImagesWall Street firms are playing...

Wage inflation has arrived in a big way and Jamie Dimon says CEOs ‘shouldn’t be crybabies about it’

Jamie Dimon, chief executive officer of JPMorgan Chase & Co.Giulia Marchi | Bloomberg | Getty ImagesBanks have been one of the main beneficiaries of...

JPMorgan shares fall 5% after CFO lowers guidance on ‘headwinds’ including wage inflation

JPMorgan Chase shares dipped Friday after the bank posted its smallest quarterly earnings beat in nearly two years and the lender's CFO lowered guidance...

Fintech start-up MX names new CEO as firm prepares for sale or IPO

Shane Evans, interim CEO of fintech platform MX.Courtesy: MXFintech start-up MX has named Shane Evans its interim CEO as the company prepares for an...

Corporate card start-up Ramp targets Bill.com with free payments software

Eric Glyman and Karim Atiyeh, cofounders of corporate card startup RampCorporate charge card start-up Ramp is going after publicly-traded competitor Bill.com with a free...

JPMorgan Chase is buying college financial aid platform Frank to deepen ties with students

JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal...

Wells Fargo tells customers it’s shuttering all personal lines of credit

Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned.The bank is shutting down all existing personal...

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