Advocates of Project 2025, which guides President Donald Trump’s policies, hold unconventional views on deposit insurance. For nearly a century, the Federal Deposit Insurance Corp. (FDIC) has guaranteed […]
Banks
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BlackRock, Bank of America Drop DEI Policies Amid White House’s War on ‘Woke’
BlackRock and Bank of America have dropped their Diversity, Equity, and Inclusion (DEI) policies, becoming the latest Wall Street giants to scrap these initiatives following the White House’s […]
Banks
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Goldman Sachs adds Waldron to board, lining up potential CEO succession
Goldman Sachs has added John Waldron, its president and chief operating officer, to the board of directors, reinforcing his position as a potential successor to CEO David Solomon. […]
Banks
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Goldman Sachs Exec John Waldron Joins Board, Strengthening Position as Potential Next CEO
Goldman Sachs has appointed its president and chief operating officer, John Waldron, to its board of directors. This decision comes a month after Waldron received a retention bonus, […]
Banks
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JPMorgan’s RTO Policy Sparks Potential Exodus Among Tech Workers
JPMorgan Chase, known for its significant investment in technology, faces potential talent loss due to its rigid return-to-office (RTO) policy. CEO Jamie Dimon’s recent comments during a town […]
Banks
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Jamie Dimon Reflects on Work-from-Home Stance Amid Bank Job Cuts Due to AI
Jamie Dimon, CEO of JPMorgan, has reconsidered his earlier comments about remote work after a controversial town hall discussion was recorded. Initially expressing frustration with remote work and […]
Banks
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Bankrupt Joann closing all 800 stores after failing to find buyer to keep business alive
Crafts retailer Joann is set to close all of its stores as part of its bankruptcy proceedings, having failed to find a buyer willing to keep some of […]
Banks
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JPMorgan Executive Urges Increased Effort Amid Return-to-Office Policy Debate
A JPMorgan Chase executive has called for increased effort from employees, just days after CEO Jamie Dimon dismissed resistance to the bank’s five-day return-to-office policy. Rohan Amin, the […]
Banks
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Jamie Dimon defends viral town hall comments: ‘I’m not against work from home. I’m against where it doesn’t work.’
JPMorgan CEO Jamie Dimon clarified his stance on work-from-home policies during a CNBC interview at the bank’s global leveraged finance conference in Miami. Dimon expressed regret for using […]
Banks
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Berkshire’s Insurance Income Soars
Berkshire Hathaway (BRK.B 4.96%) reported strong Q4 operating earnings of $14.5 billion, a 71% increase from Q4 2023, driven by a surge in insurance underwriting income and investment […]