banks
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Tech
Morgan Stanley set to slash 2,000 jobs in move to improve efficiency
Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter said Tuesday.…
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Tech
JPMorgan credits coding assistant tool for boosting engineers’ efficiency
Tens of thousands of JPMorgan Chase software engineers increased their productivity 10% to 20% by using a coding assistant tool developed by the…
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Tech
Feds will soon loosen tough stance on digital assets as Trump embraces crypto
The Federal Reserve and the Office of the Comptroller of the Currency – the nation’s top banking regulators — will…
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Tech
Wall Street banks set to sell billions of dollars of X loans
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform…
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Tech
Massive data breach at federal credit union exposes 240K members
SRP Federal Credit Union, a South Carolina-based financial institution, had a major data breach impacting more than 240,000 people. The…
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Stories
JPMorgan Chase denies $331 monthly pension to late employee’s widow
JPMorgan Chase has refused to pay out an estimated $331-a-month pension to the widow of one of the bank’s former…
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Business
Boss of Bank of America worker who died after logging 100-hour weeks loses oversight of lucrative unit
An embattled Bank of America executive was stripped of responsibility over a key money-making division — months after outcry over…
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Business
Goldman profits surge amid investment banking rebound
Goldman Sachs reported a 45% surge in quarterly profits on Tuesday, boosted by a rebound in dealmaking that beat analysts’…
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Stories
Departing NYC schools head David Banks admits Eric Adams may not stay mayor
Outgoing schools Chancellor David Banks has confided to city superintendents he doubts that embattled Mayor Adams can remain in power…
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Business
Bank of America chief Brian Moynihan raises eyebrows by taking on chancellor role for Corporation of Brown University
Brian Moynihan has his hands full running Bank of America, the nation’s second largest lender, which is why he raised…
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