[ad_1] JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of failed regional banks last year. Here’s what the company…
Tag: breakingNewsGlobal
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
[ad_1] Citigroup CEO Jane Fraser at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Adam Galica | CNBC Citigroup said it was cutting 10% of its workforce…
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
[ad_1] Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the…
Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
[ad_1] A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016. Michael…
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
[ad_1] Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty…
Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
[ad_1] People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into…
Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
[ad_1] (L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking…
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
[ad_1] Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly…
Jamie Dimon says JPMorgan Chase would exit China if ordered to
[ad_1] Chairman and C.E.O. of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M.…
These regional banks are at greatest risk of being taken over by rivals, according to KBW
[ad_1] A customer enters Comerica Inc. Bank headquarters in Dallas, Texas. Cooper Neill | Bloomberg | Getty Images A trio of regional banks face increasing pressure on returns and profitability…