JPMorgan Chase cut about 500 technology and operations jobs this week, sources say
Like many financial firms, JPMorgan periodically trims staff during the year, even as it hires thousands more workers to fill
Read more
breakingNewsGlobal
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a
Read more
BlackRock bond chief Rieder says U.S. economy in ‘much better shape’ than doomsayers say
Rick Rieder, a three-decade market veteran who oversees $2.4 trillion for BlackRock, is optimistic about the investment outlook despite debt
Read more
Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession race
Morgan Stanley's board has narrowed its CEO search to three "very strong" internal candidates to succeed Gorman, the chief said.
Read more
Jamie Dimon says it’s ‘unlikely’ that JPMorgan Chase will acquire another struggling bank
JPMorgan Chase CEO Jamie Dimon answered questions Tuesday during an annual shareholder meeting. Source link
Read more
Goldman Sachs created an A.I.-powered social media startup for corporate use
Under CEO David Solomon, Goldman has sought to speed up its digital makeover by hiring Google and Amazon executives and
Read more
Warren Buffett says American banks could face more turbulence ahead, but deposits are safe
Berkshire Hathaway has owned banks from early on in Buffett's long investing history, and he's stepped up to inject confidence
Read more
Warren Buffett says letting Silicon Valley Bank customers go under would’ve been ‘catastrophic’
Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure Silicon Valley Bank clients didn't lose money.
Read more
Morgan Stanley tops analysts’ expectations on better-than-expected trading results
Morgan Stanley gets most of its revenue from wealth and investment management, steadier businesses that helped offset volatile trading and
Read more