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The bank plans to hire about 200 more people and reduce hours to help reduce stress on junior analysts; the Swiss bank was exposed to as much as $20 billion to failed Archegos fund.
By George YacikApril 22 -
Mitsubishi UFJ Financial Group and Standard Chartered are among the likely bidders; less than 7% of the bank’s U.S. workforce are Black, and a little more than 3% are senior executives.
By George YacikApril 21 -
European fans are angry that the U.S. bank is financing a new “Super League” of elite teams; Ameribor hopes to compete with the Fed’s Secured Overnight Financing Rate.
By George YacikApril 20 -
The bank plans to hire more than 2,000 bankers and support staff as part of its wealth push; CEO Quinn is abolishing the bank’s executive floor in London, where honchos will share desks.
By George YacikApril 19 -
The bank will instead concentrate on wealth management in Europe, Asia and the Middle East; cash-heavy consumers are unlikely to default but also less likely to want new loans.
By George YacikApril 16 -
The profit surge was fueled by strong trading and investment banking results; the crypto exchange’s public offering could serve to validate digital currencies.
By George YacikApril 15 -
JPMorgan Chase reports first-quarter results; proposed corporate tax hike could boost infrastructure and other tax-advantaged lending.
By George YacikApril 14 -
The move is the latest by the Swiss bank following $4.7 billion of losses in the Archegos debacle; bitcoin ETFs move forward, but HSBC bans trading in firm linked to digital currencies.
By George YacikApril 13 -
Thomas Gottstein’s one-year tenure has been marked by multiple costly scandals; the company’s valuation and profitability have jumped as bitcoin’s price has surged, but are those levels sustainable?
By George YacikApril 12 -
The big Japanese investor is buying $500 million of the mortgage lender’s stock; Revolut will allow each of its 2,000 employees to work abroad for up to two months a year.
By George YacikApril 9