Penalty shows how chief executive Jane Fraser is struggling to resolve chronic issues plaguing the bank
Some companies will be able to afford to mitigate the effects of climate change on their workforce — others won’t
Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America and Citigroup reported $8.2bn in fees
Earnings from lending fall at JPMorgan, Citigroup and Wells Fargo in second quarter
Corporate and investment bank helps offset weakening household finances
Equity issued to Viswas Raghavan who joined from JPMorgan in June will vest over seven years
Penalty stemmed from bank’s inability to correct problems that it had already been cited for in 2020
Investment revenue is expected to rise 30% over past year as lenders report earnings this week
Alleged drug traffickers fed $36,000 into cash machines, indictment claims
Banks said they would return excess capital to shareholders after Fed concluded they could withstand a severe downturn
Glint from bank’s ‘crown jewel’ division cannot hide other blemishes
Regulators say they found ‘shortcomings’ in how the lenders would handle their own failures
FDIC concludes hypothetical strategy in event of bank’s failure is deficient on data controls
Artificial intelligence frenzy has powered Nvidia to peak of US equity market but elsewhere investors become more selective
Analysts at the bank said the asset management industry is in a ‘paradigm shift’ and changes could happen within 10 years
Jane Fraser’s hiring of three new leaders to boost turnaround project prompts speculation one could be next in line
London-based trader typing wrong figures led to mistaken sale of $1.4bn of shares
Titi Cole, one of the most senior Black women in finance, departs, while outgoing PwC US head Tim Ryan joins bank
The flipside to higher rates is people want more for their savings, too
Fourth-largest US lender reports quarterly net income of $3.4bn
Analysts say some lenders could lift their guidance when they report first-quarter results
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Also in today’s newsletter, one solar company thinks it has what it takes to go public — despite a down market for the sector
A detailed taxonomy of management company rationales for this weird Wall Street anomaly
Vis Raghavan is quitting the world’s top investment banking franchise for the highest-profile vacancy on Wall Street
