HSBC names Pam Kaur as first female CFO amid major restructuring
HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank
Read More
Banks
After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’
Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants
Read More
Citigroup earnings are due Tuesday. Here’s what Wall Street expects
The bank's third-quarter report is scheduled for release before the market open. Source link
Read More
Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East. Source link
Read More
Wells Fargo shares jump after earnings top Wall Street expectations
The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
Read More
JPMorgan Chase shares pop 5% after topping estimates on better-than-expected interest income
JPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion. Source
Read More
The Fed is finally cutting rates, but banks aren’t in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many
Read More
TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties
The Department of Justice reportedly was investigating how drug traffickers used TD Bank to launder money derived from fentanyl sales
Read More
HSBC exec says there’s a lot of AI ‘success theater’ happening in finance
Some financial services firms are making bold statements about AI but not seeing tangible results, according to HSBC's head of
Read More