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Today: March 22, 2025
Today: March 22, 2025
Lananh Nguyen

Lananh Nguyen

Staff Writer

Latest From Lananh Nguyen

Business|Economy|Finance|US

Analysis-US regional bank sell-off a cautionary sign of more pain to come

Investors lulled into thinking U.S. regional banks were out of the woods after ruptures last year have been given a jolt by New York

Analysis-US regional bank sell-off a cautionary sign of more pain to come
Business|Economy|Finance

Employer deals earn BofA more than $10 billion in deposits, investments

Bank of America has brought in $10.5 billion in deposits and investments in the last four years after making deals with companies to provide financial

Employer deals earn BofA more than $10 billion in deposits, investments
Business|Finance|US

Exclusive-Citi hit by new Fed rebuke, setbacks on consent orders

U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners and the

Exclusive-Citi hit by new Fed rebuke, setbacks on consent orders
Business|Finance|US

Goldman Sachs CEO Solomon gets 24% pay bump to $31 million

Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday.

Goldman Sachs CEO Solomon gets 24% pay bump to $31 million
Business

BofA clinches record number of patents with AI, information security in focus

Bank of America secured a record 644 U.S. patents in 2023, up 13% from the previous year, as the lender focused on information security, artificial intelligence (

BofA clinches record number of patents with AI, information security in focus
Business|Finance|News|US

Citi managing director details 'pervasive' sexual harassment in lawsuit

A Citigroup managing director said the bank failed to protect her from a supervisor's violent threats and abuse because of its "pervasive" culture of sexual

Citi managing director details 'pervasive' sexual harassment in lawsuit
Business|Finance|Stock Markets

Lazard profit beats estimates as dealmaking rebound fuels record revenue

Lazard's first-quarter profit exceeded estimates on Thursday, buoyed by a resurgence in dealmaking at the boutique investment bank.

Lazard profit beats estimates as dealmaking rebound fuels record revenue
Business|Finance|Stock Markets

BGC Group takes aim at 'heavyweight champ' CME exchange

Brokerage BGC Group's FMX business is joining forces with some of Wall Street's biggest banks and traders to take on leading exchange operator CME Group.

BGC Group takes aim at 'heavyweight champ' CME exchange
Economy|Finance

JPMorgan CEO is 'cautiously pessimistic' on economy, successors in focus

JPMorgan Chase CEO Jamie Dimon told investors the bank's succession plans were underway, while warning investors on Monday about risks to the

JPMorgan CEO is 'cautiously pessimistic' on economy, successors in focus
Business|Finance|Health

JPMorgan executives emphasize employee health, well-being after BofA banker death

JPMorgan Chase's top executives emphasized on Monday the importance of employee health in response to a question about the effect of high-pressure

JPMorgan executives emphasize employee health, well-being after BofA banker death
Business|Finance|US

HSBC's New York attendance jumps to 80% at new office

HSBC's employee attendance has jumped to 80% at its new office in New York's Hudson Yards area, said Michael Roberts, CEO of HSBC in the USA and the Americas, on

HSBC's New York attendance jumps to 80% at new office
Business|Economy|Finance|News

G7 plans to warn small Chinese banks over Russia ties, sources say

U.S. officials expect the Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop

G7 plans to warn small Chinese banks over Russia ties, sources say
Business|Finance|US

Alexander Hamilton's bank is getting a new name: BNY

The oldest U.S. bank is getting a new name. Bank of New York Mellon is embracing BNY as its new moniker, it announced on Tuesday.

Alexander Hamilton's bank is getting a new name: BNY
US

Yellen says larger Chinese banks wary of violating US sanctions on Russia

U.S.

Yellen says larger Chinese banks wary of violating US sanctions on Russia
Finance|US

HSBC says growing Chinese wealth fuels client investments in US

HSBC's wealthy clients in China and Hong Kong are still eager to invest in the U.S., according to Michael Roberts, the bank's CEO for the USA

HSBC says growing Chinese wealth fuels client investments in US
Business|Finance|US

As Wall Street titans gather, finance museum searches for a home

Financial industry heavyweights convened in New York last week to raise funds for a finance museum that has lost its iconic Wall Street address.

As Wall Street titans gather, finance museum searches for a home
Business|Finance

Warren Buffett tells Citigroup CEO Fraser to keep going with overhaul -source

Over a recent lunch with Warren Buffett, Citigroup CEO Jane Fraser outlined her latest round of reorganization efforts to simplify the bank.

Warren Buffett tells Citigroup CEO Fraser to keep going with overhaul -source
Business|Finance

Goldman commodities head Emerson to retire, succeeded by Qin and Jindal-memos

Goldman Sachs' head of global commodities Ed Emerson will retire in March after more than 24 years at the Wall Street giant, according to a memo seen by Reuters.

Goldman commodities head Emerson to retire, succeeded by Qin and Jindal-memos
Business|Economy|News|US

Reuters NEXT - Lazard CEO says global political risk severe

Lazard Chief Executive Officer Peter Orszag says the geo-political risk to the global economy is severe and that if the U.S. government shuts down next week

Reuters NEXT - Lazard CEO says global political risk severe
Business|Economy|Finance|US

REUTERS NEXT - BofA CEO Moynihan says US economy headed for soft landing

Bank of America CEO Brian Moynihan said on Wednesday he expects a soft landing for the U.S. economy as consumer spending and commercial borrowing slow.

REUTERS NEXT - BofA CEO Moynihan says US economy headed for soft landing
Business|Finance|US

JPMorgan aims to amass 15% of US consumer deposits, boost credit card share

The biggest U.S. bank wants to get even bigger.

JPMorgan aims to amass 15% of US consumer deposits, boost credit card share
Business|Finance|Technology

BofA payments app for businesses handled record $500 billion by mid-year

Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023,

BofA payments app for businesses handled record $500 billion by mid-year
Business|Finance|News|US

Citi breached a rule meant to keep banks safe, made liquidity reporting errors

Citigroup repeatedly breached a U.S.

Citi breached a rule meant to keep banks safe, made liquidity reporting errors
Business|Finance|US

JPMorgan CEO contenders cite intense competition during market revival

As JPMorgan Chase investors puzzle over who will eventually replace Jamie Dimon as CEO, two of the contenders say they are more focused on winning

JPMorgan CEO contenders cite intense competition during market revival
Business|News|US

Trump's Wall Street middleman taps network for potential administration roles

The co-chair of U.S.

Trump's Wall Street middleman taps network for potential administration roles

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