↧
Moody’s cuts credit ratings for banks amid commercial real estate pressures
Moody's Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.
View ArticleEmails show JPMorgan working with Jeffrey Epstein to lure Google co-founder...
Newly revealed emails shed fresh light on JPMorgan's cozy ties with Jeffrey Epstein, including that the convicted sex offender served as an advisor to the bank's lucrative Google accounts.
View Article500,000 jobs could disappear in dramatic revision of US government data: report
JPMorgan economist Daniel Silver predicts that the job market is 500,000 positions weaker than what the Bureau of Labor Statistics' originally reported, meaning there are 40,000 fewer jobs per month in...
View ArticleJPMorgan’s former gold trader Gregg Smith sentenced to 2 years for fraud,...
Gregg Smith, formerly JPMorgan's chief gold trader, was convicted on 11 charges for manipulating gold and silver prices from 2008 to 2016 and sentenced to two years behind bars.
View ArticleNeiman Marcus in talks to merge with luxury archrival Saks Fifth Avenue: sources
“Neiman’s just had its worst fiscal year since its bankruptcy.”
View ArticleJPMorgan CEO Jamie Dimon blasts proposed capital rules, cautious about China
JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by US regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth.
View ArticleNJ’s American Dream Mall saw losses quadruple in 2022 on sluggish traffic
The American Dream Mall suffered an eye-watering $245 million loss last year as expenses nearly doubled, to $428 million, in 2022.
View ArticleJPMorgan to pay $75M to settle Jeffrey Epstein lawsuit with US Virgin Islands
JPMorgan Chase agreed on Tuesday to pay the US Virgin Islands $75 million to settle a lawsuit alleging the Wall Street behemoth enabled Jeffrey Epstein’s sex-trafficking ring by ignoring red flags...
View ArticleShale CEO warns oil could hit $150 per barrel
Continental Resources Inc.'s CEO Doug Lawler said that without locating potential new sites for drilling and extraction, oil prices could climb to $120 to $150 per barrel.
View ArticleJamie Dimon says AI will let people work 3.5 days a week, live to be 100 and...
Jamie Dimon, the CEO of JPMorgan Chase, acknowledged that AI would lead to the elimination of some jobs, but said the tradeoff is worth it.
View ArticleJamie Dimon warns it’s ‘most dangerous time’ in ‘decades’
JPMorgan CEO Jamie Dimon on Friday warned this may be the “most dangerous time the world has seen in decades” as Wall Street's top banker made his first comments on the escalating war in the Middle East.
View ArticleWhere is the CEO outrage during the ongoing war between Israel and Palestine?
Pro-Israeli supporters confront people attending a demonstration to express solidarity with Palestinians in Gaza.
View ArticleNYC ranks below 18 cities in economic, real estate prospects: study
The Big Apple ranks behind 18 other US cities -- including such second-tier markets as Boston, Seattle and even lowly Boise, Idaho -- in a “forensic analysis” of the towns’ economic and real estate...
View ArticleJamie Dimon says central banks got forecasts ‘100% dead wrong’— and it...
Jamie Dimon said central banks 18 months ago got their economic forecasts “100% dead wrong” — and said it doesn’t matter whether the Fed hikes rates again this year. The outspoken JPMorgan Chase CEO...
View ArticleJamie Dimon plans to sell $141M worth of JPMorgan stock in first share selloff
JPMorgan Chase boss Jamie Dimon is reportedly planning to sell $141 million worth of his shares in the Wall Street behemoth — the first time he’s trimming his personal stake in JPMorgan since he took...
View ArticleUK banking giant Barclays sued over ex-CEO Jes Staley’s ties to Jeffrey Epstein
Investors said Barclays concealed or made misleading statements about Staley's and Epstein's relationship.
View ArticleMajor US banks slammed with deposit delays
Bank of America, Wells Fargo, Chase are among the banks affected by the deposit processing issue.
View ArticleGoldman Sachs’ AI talent getting poached by the bank’s Wall Street rivals:...
Bank of America, which had a net outflow of 55 staffers, and Wells Fargo, which saw its headcount fall by 130 people leave, have also been targeted.
View ArticleJPMorgan CEO Jamie Dimon warns Wall Street to prepare for a recession
JPMorgan chief Jamie Dimon sounded the alarm on a possible recession, warning Wall Street to prepare for the threat of rising interest rates even as inflation slows. “A lot of things out there are...
View ArticleJPMorgan’s Jamie Dimon bashes crypto: ‘If I was the government, I’d close it...
JPMorgan Chase CEO Jamie Dimon renewed his attacks on cryptocurrencies, saying they ought to be banned because they are mainly useful for criminal activity. “If I was the government, I’d close it...
View Article
More Pages to Explore .....