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Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein …
Wells Fargo CEO says economy still not ready for big rate hikes ahead Read More
Philip Lane, chief economist of the European Central Bank. Bloomberg | Bloomberg | Getty Images European Central Bank Chief Economist Philip Lane said the Frankfurt institution will have to remain …
ECB’s Lane sees double-sided risk of spiraling inflation and economic slowdown Read More
Goldman Sachs’ consumer banking unit – which Chief Executive David Solomon has previously likened to Amazon’s cloud computing juggernaut AWS for its growth potential – will suffer hefty losses this …
Goldman Sachs warns of $ 1.2B loss from consumer unit: report Read More
European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed. Handout | Getty Images News | Getty Images European Central Bank President Christine Lagarde …
ECB Lagarde plays down recession risks at Sintra Forum Read More
People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from …
Wall Street layoffs are coming as deals boom turns to bust, insiders say Read More
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £ 3.9 billion ($ 4.8 billion) fintech firm Wise is being investigated by …
FCA investigates Wise CEO Kristo Kaarmann over tax default Read More
Investors who are “apathetic” or negative toward banks will change their stance in the second half of the year, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy predicts …
RBC top analyst sees comeback Read More
There’s a silver lining to higher interest rates: Stashing some cash finally pays. Soaring inflation, which pushed the Federal Reserve into hiking its benchmark rate, is having an effect on …
The interest rates on savings accounts rise in wake of Fed hikes Read More
JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, US, November 23, 2021. Brian Snyder | Reuters JPMorgan Chase, one of the …
JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion Read More
From multi-week losing streaks to bear market rallies, it’s been a roller coaster ride for markets this year as investors weigh the risks of a more aggressive monetary policy and …
Forget big cap stocks. Bank of America’s top small-and-mid cap stocks Read More