Bank of America gets $15B in new deposits after Silicon Valley Bank collapse:...
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.
View ArticleBank of America to buy Signature Bank, Bill Ackman says
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.
View ArticleFDIC may force big banks to 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.
View ArticleBank of America abruptly ends call with clients after ‘pro-Russian’ remarks:...
Some clients were reportedly furious after speakers made remarks they deemed to be critical of Ukraine.
View ArticleBiden’s approach to 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 bigger.
View ArticleWall 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.
View ArticleGoldman Sachs to tap ally of embattled CEO David Solomon for board seat: report
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 of layoffs.
View ArticleWoman throws Molotov cocktail into bank after waiting in line ‘too long’
A California woman yelled "I'm going to blow this bitch up" before throwing a Molotov cocktail into the bank.
View ArticleBank of America fined $250M over junk fees, withholding credit card perks and...
Bank of America reaped hundreds of millions of dollars by charging multiple fees to customers who did not have enough funds in their accounts from February 2018 until February 2022, the CFPB said.
View ArticleProfits at Wall Street’s major banks tank on weak trading, dealmaking
Morgan Stanley's second-quarter earnings tanked 13% year-over-year, beating analysts' scanty estimates as dealmaking has dried up on Wall Street.
View ArticleMassachusetts men caught red-handed trying to steal Bank of America ATM
The two men had fastened a chain onto the drive-up ATM and were attempting to tear it away, police said.
View ArticleChristian non-profit claims Bank of America ‘debanked’ them over religious...
The ministry -- which believes in pro-life values and that marriage is between one man and one woman -- has reportedly maintained two accounts with the bank since 2015.
View ArticleNeiman Marcus in talks to merge with luxury archrival Saks Fifth Avenue: sources
“Neiman’s just had its worst fiscal year since its bankruptcy.”
View ArticleWhere is the CEO outrage during the ongoing war between Israel and Palestine?
Pro-Israeli supporters confront people attending a demonstration to express solidarity with Palestinians in Gaza.
View ArticleMajor US banks slammed with deposit delays
Bank of America, Wells Fargo, Chase are among the banks affected by the deposit processing issue.
View ArticleWall Street banks propel Dallas to second behind NYC in number of finance...
There'e big dollars flowing into Big D.
View ArticleJPMorgan posts record profits for 2023 despite drop in fourth quarter
JPMorgan Chase's total net income for the year came in at $49.6 billion, the most ever in the history of American banking.
View ArticleBank CEOs celebrate pay raises while junior bankers face another year of...
Bank bosses enjoyed pay hikes in 2023, while rank-and-file workers were handed another year of stingy bonuses, according to this week’s round of earnings. Nowhere was that more evident than at Standard...
View ArticleReddit prices IPO at top of indicated range to raise $748 million
Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share Wednesday raising $748 million and giving the IPO market a much-needed boost.
View ArticleCiti to lay off 430 employees in New York across different divisions
Citigroup will lay off 430 employees across different divisions in New York, the bank disclosed in filings with the State Department of Labor on Monday.
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