December 26, 2023
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a row of declining fees amid a...
December 20, 2023
Citi Mobile Leads in PYMNTS’ Provider Ranking of Credit Card...
Making your loved ones happy is priceless. For everything else, there’s a credit card. Picking a credit card can be challenging. Whether you’re considering annual fees, APR rates or rewards,...
December 19, 2023
CFPB Overdraft Fee Report Slams ‘Surprises,’ but Data Shows Usefulness
Overdraft fees have been a flashpoint of contention in banking for a while. Critics charge that the fees are a way to gouge consumers for the volatility of everyday financial...
December 12, 2023
Epic Games’ Legal Victory Over Google Could Cost The Search...
A California jury ruled on Monday that the Play app store, owned by Google’s parent company Alphabet, operated as an illegal monopoly. The decision opens the door for potential changes...
December 11, 2023
Goldman Sachs Appoints Wells Fargo Executive Paul Camp to Head...
Goldman Sachs has reportedly appointed Wells Fargo executive Paul Camp as its new head of transaction banking. Camp will also become a Goldman partner, Reuters reported Monday (Dec. 11). He brings a wealth of experience...
December 11, 2023
JPMorgan’s First Republic Makeover Bucks Branch Closure Trend
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country’s largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against...
December 05, 2023
Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
Wells Fargo will reportedly incur greater-than-expected expenses from severances tied to recent job cuts. The price tag for those layoffs could come to between $750 million and just shy of $1 billion for...
December 04, 2023
Bank Execs Expected to Push Back Against Capital Hikes
Bank CEOs are set to appear before the Senate Banking Committee to protest new regulations and capital hikes, arguing that these measures will harm the economy. The CEOs of major...
December 01, 2023
Former CEO Tim Sloan Sues Wells Fargo for $34 Million
Former Wells Fargo CEO Tim Sloan has filed a lawsuit against the company, seeking over $34 million in unpaid compensation. Sloan alleged that Wells Fargo unlawfully withheld his deferred pay and...
