Jamie Dimon, President, CEO & Chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 19th, 2023. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Thurs...
Tag: Breaking News: Investing
Davos elites see a major risk ahead for markets with looming U.S. debt standoff
DAVOS, Switzerland – The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, th...
Solomon says Goldman took on too much too quickly in consumer business
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon told CNBC Wednesday that his firm suff...
Morgan Stanley CEO Gorman says deal activity will return once the Fed pauses
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters Morgan Stanley CE...
Goldman Sachs fourth quarter results are coming — what the Street expects
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael...
Wells Fargo WFC Q4 earnings 2022
People walk past a Wells Fargo bank on 14th Street on December 20, 2022 in New York City. Michael M. Santiago | Getty Images Wells Fargo shares came under pressure Friday after the bank reported shri...
JPMorgan Chase (JPM) earnings 4Q 2022
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...
JPMorgan Chase shutters student financial aid website Frank
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Bed Bath & Beyond jumps 50% to lead ‘nonsense’ rally in meme stocks; AMC gains 15%
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images A group of highly speculative stocks r...
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Blo...
up to 3,200 employees laid off this week
People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is laying off fewer employees than feared, but ...
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchai...
A reckoning is upon us. Here’s what to expect
Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Blo...
Goldman Sachs is planning to cut up to 8% of its employees in January
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael...
The Fed projects raising rates as high as 5.1% before ending inflation battle
Federal Reserve Bank Board Chairman Jerome Powell answers reporters’ questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) on November 02, 2022 in Wa...
Justice Department tells bankers to confess their misdeeds
U.S. prosecutor Marshall Miller (C), William Nardini (R) and Kristin Mace attend a news conference in Rome February 11, 2014. Tony Gentile | Reuters Banks and other corporations that proactively repor...
Wells Fargo, BofA CEOs say consumer demand is cooling, recession looms
Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images American consumers are tapping the brakes on spending as the ...
Bank of America CEO Brian Moynihan on how he plans to trim its workforce
Brian Moynihan, chief executive officer of Bank of America Corp., speaks during a Bloomberg Television interview at the Goldman Sachs Financial Services Conference in New York, on Tuesday, Dec. 6, 202...
Morgan Stanley cut about 2% of staff Tuesday, sources say
James Gorman, chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019...
Sam Bankman-Fried’s Robinhood stake is tied up in FTX bankruptcy proceedings, CEO Tenev says
Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. Andrew ...
Jamie Dimon says inflation eroding consumer wealth may cause recession next year
JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...
U.S.-listed Chinese stocks rally as investors turn bullish on reopening shift
Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of Chinese companies listed in the U.S. jumped Monday after China loosened more Covid restrictions to accelerate th...
Warren Buffett explains his $750 million charitable donation on Thanksgiving eve
Warren Buffett Gerard Miller | CNBC Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary inve...
Citigroup faulted by U.S. banking regulators for poor data management in ‘living will’ review
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex ...
Fintech banking app Dave wants to dispel doubts after 97% stock plunge
Mobile banking app provider Dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. The Los Angeles-based company g...
John Malone says he’s skeptical of ad-supported content as Netflix, Disney roll out ad tiers
Liberty Media Chairman John Malone told CNBC he’s doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run. “I’m a lit...
Goldman paid $12 million to settle sexism complaint, Bloomberg reports
Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs paid more than $12 million to a former female partner to settle claims that senior...
Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business
Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company Tesla, calling it an amazing feat in the American auto industry. “I was certainly surpr...
Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’
Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malici...