Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »Major banks, including JPMorgan and Citi, have invested $ 3.8 trillion in fossil fuels since the Paris Agreement.
Banks can commit to being better stewards of the planet by cutting emissions and other actions, but their money keeps the oil pumping for now. Some 60 of the world’s largest commercial …
Read More »Olo, Jowell Global and Sun Country Airlines began operating on Wednesday
Text size Sun Country Airlines raised $ 218 million after selling 9.1 million shares at $ 24 each. Daniel Slim / AFP via Getty Images Three companies: Olo, Jowell Global, Y Sun …
Read More »JPMorgan jumps to Greensill Fray, hampering Apollo talks
JPMorgan Chase JPM -0.71% & Co. is making a play for some of Greensill Capital’s clients, according to people familiar with the matter, revoking an offer from Apollo Global Management. Inc. APO …
Read More »Restaurant software provider toast prepares for IPO
Toast Inc. is planning an initial public offering that could value the restaurant software provider at around $ 20 billion, people familiar with the matter said. Toast turned to Goldman Sachs Group …
Read More »Big Tech employees opened wallets for the Biden campaign
WASHINGTON – Employees of large tech firms were a key source of contributions to Joe Biden’s presidential campaign, recently released campaign finance records show, overshadowing employee donations from traditional Democratic fundraising sources. …
Read More »Buffett’s Berkshire Hathaway bets billions on Verizon and Chevron
Billionaire Warren Buffett added two more great American brands to Berkshire Hathaway Inc.’s investment portfolio. Buffett’s conglomerate has bought $ 8.6 billion in shares of Verizon Communications Inc., the largest mobile phone …
Read More »Wells Fargo stock falls as revenue rebate
Word size Revenue was lower than the fourth quarter of 2019. Justin Sullivan / Getty Images Wells Fargo Shares are slipping after reporting revenue by a San Francisco-based bank that was lower …
Read More »Jump to JP Morgan earnings as Outlook Brightons. The stock is down.
Word size JPMorgan Chase still has more than $ 30 billion in credit reserves. Cindy Ord / Getty Images J. P. Mourgan Chase’s fourth quarter results came out better than expected, but …
Read More »JPMorgan Profit reserves 42% of bad loans after bank loans
JPMorgan Chase & Co. posted its highest quarterly profit after issuing $ 2.9 billion, which it set to cover individual debts. The bank’s profit rose 42% to $ 12.14 billion, or $ …
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