JPMorgan Chase reduce about 500 tech and ops jobs
JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023. Gabby Jones | Bloomberg | Getty Photos JPMorgan Chase reduce about 500 positions this week, largely…
Gorman to step down inside 12 months
James Gorman stated Friday he plans to resign as Morgan Stanley’s CEO inside the 12 months, setting off a succession race atop one in every of Wall Road’s dominant companies.…
Tesla can get Elon Musk subpoena in JPMorgan-Epstein swimsuit
Ghislaine Maxwell and Elon Musk attend the 2014 Self-importance Truthful Oscar Social gathering Hosted By Graydon Carter on March 2, 2014 in West Hollywood, California. Kevin Mazur | vf14 |…
Decide warns JPMorgan Chase in Jeffrey Epstein proof problem
A New York federal decide warned JPMorgan Chase that he would possibly discover the financial institution in contempt of courtroom if it doesn’t velocity up in producing proof associated to…
Onboarding and automation: What fintechs can study from large banks
Michael Beckley Contributor Michael Beckley is a co-founder and CTO of Appian, the place he drives the technical imaginative and prescient for the corporate, leads product and options advertising and…
Goldman Sachs created Louisa, AI-powered social media startup
Goldman Sachs, recognized extra for its Wall Avenue bankers than its know-how, has simply spun out the primary startup from its inner incubator. The corporate, a networking platform for workers…
Warren Buffett says letting Silicon Valley Financial institution clients go beneath would’ve been ‘catastrophic’
Comply with our dwell protection of Warren Buffett at Berkshire Hathaway assembly. Berkshire Hathaway CEO Warren Buffett mentioned Saturday that regulators averted a monetary catastrophe by ensuring that Silicon Valley Financial institution clients did…
PacWest inventory jumps 80% as regional banks rebound on Friday, however nonetheless down sharply for the week
Merchants work on the ground of the New York Inventory Change (NYSE), Could 3, 2023. Brendan McDermid | Reuters Inventory Chart IconStock chart icon PacWest’s inventory was rebounding on Friday.…
In Europe, Accel banks on a turnaround over the following six to 9 months
It’s been nearly 5 years since this editor sat down with longtime VC Harry Nelis and three different traders from Accel’s London workplace to speak concerning the traits rippling by…
PacWest tumbles because it considers ‘all choices’
A Pacific Western Financial institution department in Los Angeles, California, US, on Friday, March 10, 2023. Eric Thayer | Bloomberg | Getty Photos PacWest Bancorp shares tumbled greater than 30%…