Jamie Dimon is optimistic about the American economy, at least for the next few years. Dimon, the long-time CEO and chairman of JPMorgan Chase, sees strong growth ahead for the world’s largest …
Read More »Morgan Stanley dumped $ 5 billion worth of Archegos stock before final sale
The night before the Archegos Capital story came to light late last month, the fund’s biggest major broker quietly dumped some of its risk positions to hedge funds, people with knowledge of …
Read More »Goldman Sachs and Starbucks are committed to helping close America’s racial wealth gap.
Goldman Sachs, Starbucks and a variety of other organizations in the US on Tuesday announced a collaborative effort aimed at narrowing the racial wealth gap between white and black Americans. The initiative, …
Read More »Credit Suisse Cuts Dividends After Archegos Scandal Hit; executives resign
A Swiss flag flies over a Credit Suisse sign in Bern, Switzerland FABRICE COFFRINI | AFP | fake images Credit Suisse announced several senior staff departures on Tuesday and proposed a cut …
Read More »Stock futures up slightly after Dow’s turnaround on Thursday
Stock futures rose modestly Thursday night as Wall Street looked to build a strong close in afternoon trading. Futures contracts linked to the Dow Jones Industrial Average were up about 34 points, …
Read More »New signs show China is cracking down on debt again
A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING – Data for the year so far show signs that China is …
Read More »The Fed says banks will have to wait until June 30 to begin issuing buybacks and higher dividends.
People walk past the Federal Reserve Building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | fake images Banks will be able to accelerate dividends and shareholder buybacks this …
Read More »Yellen Supports Buybacks Warren Wants BlackRock To Be Considered Too Big To Fail
Treasury Secretary Janet Yellen speaks during a virtual roundtable event with participants from local Black Chambers of Commerce on February 5, 2021 in Washington, DC. Drew Angerer | fake images Banks have …
Read More »Credit Suisse awards bonuses and raises of $ 20,000
Credit Suisse Bank. NurPhoto | NurPhoto | fake images A Wall Street company may have found a solution to the unhappiness of overworked junior bankers amid a boom in business activity: money. …
Read More »Goldman Sachs subordinates have complained about working from home for a year
Goldman Sachs subordinates have been complaining about their grueling work-from-home routines for longer than previously known, in fact, since the start of the pandemic. Last spring, nearly a year before a group …
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