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Goldman Sachs to tap ally of embattled CEO for board seat as backlash expected over mass layoffs
Tom Montag will be the first banker appointed to Goldman's board under CEO David Solomon, who hasn't been winning popularity contests with the rank and file since helming multiple waves...
Wall Street 'egging' on freezing egg pregnancy delays
Fertility coverage, aka “egg freezing,” has been hailed as the latest breakthrough benefit for women to break through Wall Street’s very thick glass ceiling.
Biden's approach to financial crisis: make too-big-to-fail banks even bigger
Six weeks into President Joe Biden’s first major financial crisis, the White House’s approach is clear: make America’s biggest banks — “too big to fail” banks from 2008 — even...
Bank of America abruptly ends call with clients after 'pro-Russian' remarks: report
Some clients were reportedly furious after speakers made remarks they deemed to be critical of Ukraine.
FDIC may force big banks to plug $23B hole from Silicon Valley Bank collapse
The FDIC is preparing a "special assessment" in May that will be aimed at safeguarding a $128 billion deposit insurance fund.
Bill Ackman says Bank of America to buy Signature: 'Don't think this is good'
Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of the information.
Bank of America gets $15B in new deposits after Silicon Valley Bank collapse: report
The mass migration to Bank of America, the nation's second largest, comes in the wake of the swift collapse of Silicon Valley Bank and Signature.
Goldman, Bank of America extend forecasts for continued Fed rate hikes
Goldman Sachs and Bank of America expect rate in the 5.25%-5.5% range by June.
Bank of America plans to cut jobs at its investment bank: report
The number of cuts, which are still being discussed, could affect less than 200 bankers globally.
Bank of America customers fume over negative balances, missing Zelle cash: 'I want my money back!'
One bank customer, Jeepeto Cuarenton, tweeted a message indicating that his account was showing a negative blaance of $-2,060.44.
Bank 'poised' to move forward with Dan Snyder Commanders sale process
Further steps are being taken for Dan Snyder to sell the Commanders.
Wall Street banks to slash bonuses up to 30% as slowdown looms: reports
Premier banks on Wall Street -- JPMorgan, Bank of America and Citi -- are planning to cut bonus pools as much as 30% as the economy tightens and layoffs loom.
Missouri man writes demand note on birth certificate while robbing bank
A Missouri man robbed a bank using a demand note written on the back of his own birth certificate — and was placed at the scene because he was wearing...
Bank of America’s race-based lending program will hurt the people it’s meant to help
“This is about granting a down-payment to a buyer who, no matter who they are, as long as they meet the income requirements, to buy a house in a majority-minority...
NYC banks shutting doors overnight to ATM users to keep out homeless: sources
“Like a number of other banks, we have temporarily closed some ATM vestibules overnight at certain New York City branch locations where we have seen repeat activity that could present...
Bank of America CEO blasts White House's 'recession' semantics
Moynihan, the leader of one of the largest financial institutions in the world, said regardless of what the White House wants to call it, what matters is the real financial...
Odds of US economy going into recession next year jumps to 40%: strategists
Bank of America Global Research strategists have ratcheted up the odds of an economic downturn to 40% in 2023
Bank of America's Moynihan downplays Jamie Dimon's 'hurricane' warning
Bank of America CEO Brian Moynihan downplayed dire forecasts about the state of the US economy this week even as fellow bank boss, JPMorgan Chase’s Jamie Dimon, warned of a...
Ex-McDonald’s CEO: Companies have 'no business' being in politics
The 78-year-old spear headed The Boardroom Initiative to push back against boardrooms of American corporations that have become too politicized.
Bank of America fares better than Wall Street rivals despite profit drop
The nation’s second-largest bank was helped by higher net interest income and very modest exposure to Russian assets.