Tag Archives: Banks

Bank of America CEO details back-to-office plan, concentrating on Covid-vaccinated employees first

Bank of America CEO Brian Moynihan on Monday detailed the financial firm’s approach to bringing employees back to the office, telling CNBC that those who have received the coronavirus vaccine are the priority for now. In an interview on “Squawk Box,” Moynihan said Bank of America began to ask staff whether they had received a Covid […]

Here’s why cryptocurrency crashes on weekends

Jack Taylor | Getty Images News | Getty Images Cryptocurrency is known for volatility and some experts say crashes tend to happen on weekends. “This has been a phenomenon in crypto for several years,” said Stephen McKeon, associate professor of finance at the University of Oregon in Eugene, and partner at Collab+Currency, a cryptocurrency-focused investment […]

Morgan Stanley has a new pipeline into college athlete compensation

Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley said its sports division has positioned itself in the college sports compensation space with a new partnership with Altius Sports Partners. Altius is an advisory firm that offers guidance […]

With zombie companies likely to fail, insurance firms up premiums

These firms lack the cash flow to cover interest payments and are likely to collapse once gov’ts end pandemic fiscal measures. The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, […]

‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit

LONDON — HSBC on Wednesday announced it would exit its money-losing U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts. Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to […]

The time to negotiate an annual month of remote work may be now

In addition to on-site yoga classes and ergonomic desks, companies may have a new wellness initiative up their sleeves — granting workers an annual period of remote work.   Remote work has proved popular with many workers, with 54% of employees saying they want to keep working from home after the pandemic ends, according to […]

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer, far outgaining the market. Cramer, himself an alum of Goldman Sachs‘ investment shop, said their […]

Entertainment venues still waiting for a lifeline as tech glitches snarl Covid relief applications

The Anthem, a popular live music venue, displays a message of support on their marquee on April 3, 2020 in Washington, DC. Drew Angerer | Getty Images At The Independent in San Francisco, it’s been a long, dark year in the most literal sense. The music and comedy shows that filled the venue’s stage and […]

Jamie Dimon slams state and local tax repeal as a benefit to the rich

Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Democrats pushing for a repeal of the SALT cap have an unlikely opponent: Jamie Dimon. In his annual shareholder letter, the chairman and CEO of JPMorgan Chase took aim at a host of carve-outs and loopholes in the […]

Goldman Sachs, Starbucks among organizations unveiling a pledge to close racial wealth gap in U.S.

Goldman Sachs, Starbucks and a range of other organizations across the U.S. announced Tuesday a collaborative effort aimed at narrowing the racial wealth gap between Black and white Americans. The initiative, called NinetyToZero, also includes the American Civil Liberties Union, the Wharton School of the University of Pennsylvania and the Robin Hood foundation as backers. “A […]