JPMorgan Chase CEO Jamie Dimon is urging the US Federal Reserve to exercise patience and refrain from cutting interest rates until after June.
Investment banks
Swiss Banking Giant UBS Launches New Share Buyback Program of up to $2 Billion
Swiss banking giant UBS revealed a new share buyback program of up to $2 billion on Tuesday. Swiss banking giant UBS revealed a new share buyback program of up to $2 billion on Tuesday.
Citigroup to Complete Sweeping Overhaul This Week After Laying Off 5,000 Employees
Citigroup has entered the final phase of an extensive overhaul to streamline its operations and enhance performance.
Citigroup Sells Most Non-US Consumer Businesses as Its Biggest Overhaul Progresses
Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China.
South Korea Announces $313 Billion Funding for Projects to Fight Climate Change
South Korea has committed to providing 420 trillion won ($313.4 billion) in policy loans to finance projects that will help the country meet its climate goals.
Latest News
Japan proposes a bill allowing venture capital firms and investment funds to hold cryptocurrency assets.
JPMorgan Chase and Co. has disclosed that it would pay civil penalties totaling around $350 million to regulators for reporting insufficient trading data to surveillance platforms.
Goldman Sachs is reportedly facing an investigation over fees it charges for futures trading. Goldman Sachs Group Inc. is reportedly facing an investigation over fees it charges for futures trading.
Companies purchasing back more of their own shares are expected to boost US stocks this year. It is projected that the upward trend that brought the stock market in the United States to an all-time high this year will have another major driver: companies purchasing back more of their own shares.
Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.
JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.
Goldman Sachs and Morgan Stanley have both posted fourth-quarter earnings results that beat analysts' expectations.
JPMorgan Chase has concluded the year 2023 with the largest annual profit in the history of US banking.
Morgan Stanley's Chief Investment Officer, Mike Wilson, has offered a stock market playbook for three potential economic scenarios in 2024.
