Bank of America has tightened its oversight of junior bankers’ working hours following recent tragedies. Senior executives have been tasked with monitoring the workload of junior bankers in […]
Banks
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Michelle Bowman Nominated by Trump for Fed’s Vice Chair for Supervision
President Donald Trump has nominated Federal Reserve Governor Michelle (Miki) Bowman to serve as the next vice chair of supervision at the Federal Reserve. Trump announced this decision […]
Banks
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DOGE staffer violated Treasury rules by emailing unencrypted personal data
A Department of Government Efficiency (DOGE) staffer breached Treasury policies by sending an email with unencrypted personal information. According to testimony from a senior government cybersecurity official in […]
Banks
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Forever 21 Files for Bankruptcy Again
Forever 21 will continue operating its website and stores while winding down operations and seeking a buyer for some or all of its assets, according to a statement […]
Banks
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Forever 21 Files for Bankruptcy Again Leading to Liquidation
Fast-fashion retailer Forever 21’s U.S. operating company has filed for Chapter 11 bankruptcy for the second time in six years, driven by declining mall traffic and increasing competition […]
Banks
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The Fed Is in Wait-and-See Mode. Investors Want Reassurance It Will Act If Needed
Jerome Powell faces the challenge of reassuring investors about the economy’s stability while conveying that policymakers are prepared to act if necessary. Despite the Federal Reserve chair highlighting […]
Banks
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Senate Democrats Call for Investigation into Trump and Musk’s Tesla Event
Senate Democrats are urging an investigation into a White House event where President Trump and adviser Elon Musk promoted Tesla vehicles, alleging it violates federal ethics laws. Democratic […]
Banks
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Citigroup Plans to Reduce IT Contractors and Expand In-House Staff
Citigroup intends to cut its reliance on external IT contractors from 50% to 20%, according to an internal presentation by technology head Tim Ryan. The bank plans to […]
Banks
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GQG Partners’ Fund Outperforms S&P 500 Amid Market Volatility
GQG Partners’ U.S. Select Quality Equity Fund (GQEPX) has outperformed the S&P 500 over the past five years. Rated five stars by Morningstar, GQEPX is down just 3% […]
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Warren Buffett Praised for Selling Apple Stake and Building Cash Before Market Decline
Warren Buffett has been widely praised for reducing his Apple stake and building a significant cash reserve before the recent market downturn. Social media is filled with admiration […]