Person Root Tag

Interest in digital assets is on the rise following an executive order from the White House and a recent report from the Fed.

The billionaire entrepreneur Peter Thiel called Warren Buffett, Jamie Dimon and Larry Fink members of a “finance gerontocracy” opposed to a “revolutionary youth movement” that embraces Bitcoin.

The bank plans to separate the two roles “upon the next CEO transition,” it said in a proxy statement Monday.

Jamie Dimon just received $56 million of JPMorgan Chase's stock, before taxes, from an incentive program the bank valued at less than half that much just three years ago.

The White House’s ambition to bring new oversight to the banking industry and reverse Trump-era deregulation was dealt a blow when Sen. Joe Manchin of West Virginia said he would oppose Sarah Bloom Raskin's nomination as the Federal Reserve's vice chair of supervision.

Citigroup says it will add about 900 staffers over the next three years as part of an effort to generate more revenue from midsize firms with global ambitions.

Senate Democrats insist the GOP's boycott of President Biden's picks for the Federal Reserve is interfering with the central bank's handling of an economic crisis. But GOP lawmakers say the Fed is functioning fine and their concerns about nominee Sarah Bloom Raskin are material.

Citigroup said it’s helping some of its workers in Ukraine seek refuge in Poland and sending advances on pay to help them contend with the Russian invasion.

Citigroup said profitability will fall as the bank pursues a strategy shift that it said will raise expenses in the near term.

JPMorgan Chase CEO Jamie Dimon said disconnecting Russian banks from the Swift messaging system may bring “unintended consequences” that include third parties finding ways around the penalty.