Discover Financial Services Chief Executive Officer Roger Hochschild sounded the alarm about the growing loss of white collar jobs.
The San Francisco-based lender earned $2.04 billion, or 42 cents per share, missing the 45 cents that Wall Street analysts surveyed by Refinitiv were expecting. The results were an improvement from last quarter’s $2.38 billion loss, but marked a 56% decline from the $4.61 billion earned a year ago.
Goldman Sachs Group reported record quarterly earnings driven by continued strength in trading and deal making.
JPMorgan CEO Jamie Dimon says another year of lockdowns aimed at slowing the spread of COVID-19 would deal a knockout blow to businesses reeling from the pandemic.
JPMorgan Chase & Co. reported third-quarter profit rose 4%, boosted by strong trading results as global markets recovered from their coronavirus-induced plunge.
Curbside is key to preserving jobs in retail, even if sales floors evolve into mini-fulfillment centers.
America's biggest financial institutions are backing Democratic nominee Joe Biden, banking on a "blue wave" that will create jobs and boost the economy.
TOKYO — Asian and U.S. shares were mostly higher on Thursday on optimism U.S. stimulus may be coming after all, as President Donald Trump appeared to reverse his earlier decision to halt talks on another economic rescue effort.
The Federal Reserve and Office of the Comptroller of the Currency said that the bank required “comprehensive corrective actions” and must overhaul its risk management, data governance and internal controls across the company.
The Fed is keeping a lid on bank dividend hikes and stock buybacks.
JPMorgan will pay $436.4 million in fines, $311.7 million in restitution and more than $172 million in disgorgement, the Commodity Futures Trading Commission (CFTC) said on Tuesday, the biggest-ever settlement imposed by the derivatives regulator.
Shanghai overtook Tokyo to take third place, with Hong Kong and Singapore in fifth and sixth places
New money arrangement is separate from $1.5 billion bankruptcy loan
As a result of Britain's exit from the European Union (EU), JPMorgan Chase & Co. is moving around 200 billion euros of assets -- or around $230 billion -- from the United Kingdom (UK) to Germany.
Fundraising underscores investor appetite to back Robinhood
A U.S. bank regulator announced Monday it had fined three former executives at Wells Fargo Bank for their roles in the company's sales practices scandal.