Today: November 14, 2024
Today: November 14, 2024

Latest From Nupur Anand

Business|Economy|Finance|US

US regulators warn bankers about intensified focus on financial crime

U.S. regulators warned bankers on Wednesday that the government will continue to beef up efforts to fight money laundering and enforce know-your-customer rules.

US regulators warn bankers about intensified focus on financial crime
Business|Economy|Finance|US

US Bank CEOs express confidence in deals, consumer finances

U.S. bank CEOs expressed confidence in the dealmaking outlook and the financial health of U.S. consumers at an industry conference in New York on

US Bank CEOs express confidence in deals, consumer finances
Economy|Finance|News|US

Young Americans cut spending, shun restaurants as prices rise -study

Most young Americans have cut their spending in response to persistent inflation over the past year, a Bank of America survey showed on Friday.

Young Americans cut spending, shun restaurants as prices rise -study
Business|Economy|Finance|Stock Markets|US

BofA profit beats estimates on higher interest income, investment banking gains

Bank of America beat Wall Street estimates for quarterly profit on Tuesday as it joined rivals in earning more from interest payments, while benefiting from

BofA profit beats estimates on higher interest income, investment banking gains
Business|Economy|Finance|Stock Markets|US

Bank of America's unrealized losses on securities rose to $131.6 billion

Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106

Bank of America's unrealized losses on securities rose to $131.6 billion
Business|Economy|Finance|US

US bank profits to drop but industry stable after March crisis -analysts

U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank

US bank profits to drop but industry stable after March crisis -analysts
Business|Finance|US

US regulators clamp down in bid to prevent more bank failures

U.S. bank supervisors are increasing scrutiny of lenders' risk management practices and taking disciplinary action as they try to fix

US regulators clamp down in bid to prevent more bank failures
Business|Finance|Stock Markets|US

Morgan Stanley promotes 155 employees to managing director: source

Morgan Stanley promoted 155 employees to managing director this year, fewer than its 2023 cohort of 184, said a person familiar with the

Morgan Stanley promotes 155 employees to managing director: source
Business|Economy|Finance

JPMorgan's annual profit surges to record even as quarterly net income dips

JPMorgan Chase reported its best-ever annual profit and forecast higher-than-expected interest income for 2024, even as its quarterly profit fell.

JPMorgan's annual profit surges to record even as quarterly net income dips
Business|Finance

Factbox-Key executives at JPMorgan taking on new roles

JPMorgan Chase shuffled executives on Thursday to give them more experience running different businesses as Wall Street focuses on succession

Factbox-Key executives at JPMorgan taking on new roles
Business|Finance|US

Exclusive-JPMorgan dealmakers Lipsky and Lee are leaving the bank, sources say

Two senior JPMorgan Chase dealmakers, Andy Lipsky and Haidee Lee, are leaving the bank, two sources familiar with the

Exclusive-JPMorgan dealmakers Lipsky and Lee are leaving the bank, sources say
Business|Finance|US

Goldman Sachs, BofA shareholders reject proposals for CEO-chair split

Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on

Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
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

Morgan Stanley executive chairman James Gorman will step down at year end

Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting on Thursday that he would step down on Dec. 31.

Morgan Stanley executive chairman James Gorman will step down at year end
News|US

JPMorgan poised to pay $100 million over CFTC trade reporting violations, source says

The U.S.

JPMorgan poised to pay $100 million over CFTC trade reporting violations, source says
Business|Economy|Finance|News|US

US banks suffer steeper losses, but retain large cushions in annual Fed health check

The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve's annual "stress test"

US banks suffer steeper losses, but retain large cushions in annual Fed health check
Business|Economy|Finance|US

Big US banks expected to be cautious on shareholder payouts after stress tests

Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week's Federal Reserve health checks,

Big US banks expected to be cautious on shareholder payouts after stress tests
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|Stock Markets

JPMorgan profit rises to record, fueled by investment banking

JPMorgan Chase beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and strong capital markets fueled record results.

JPMorgan profit rises to record, fueled by investment banking
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
Environment|Finance|News|US

US regulator finds banks have work to do on climate risk, sources say

A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to their

US regulator finds banks have work to do on climate risk, sources say
Business|Finance|US

JPMorgan CEO Jamie Dimon says succession is his most important task

JPMorgan Chase is focused on succession planning and has a cadre of "extremely" qualified people who are prepared to run the

JPMorgan CEO Jamie Dimon says succession is his most important task
Business|Finance|Stock Markets|US

JPMorgan stock slumps as interest income warning rattles market

JPMorgan Chase shares fell more than 5% after the president of the largest U.S. bank tempered the outlook for its earnings from interest payments

JPMorgan stock slumps as interest income warning rattles market
Business|Finance|News|US

US regulator orders Wells Fargo to overhaul its efforts to combat illicit funds

Wells Fargo shares slid on Thursday after a U.S. banking regulator found its safeguards against money laundering and other illegal

US regulator orders Wells Fargo to overhaul its efforts to combat illicit funds

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