Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year's ...
Tag: Morgan Stanley
JPMorgan Chase is set to report fourth-quarter earnings. Here’s what the Street expects
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight ...
James Gorman talks Disney succession, proxy fight as he gears up to join board
Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney, which ...
Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth
Yuichiro Chino | Moment | Getty ImagesLike it or not, generative artificial intelligence has arrived on Wall Street — and ...
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. ...
Morgan Stanley and Wells Fargo are making headlines. Here’s our take on the news
Wells Fargo (WFC) had to make some tough calls to stay on course with its turnaround plan. It's one of ...
Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach
A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura ...
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader's Investment Summit in Hong Kong, ...
Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1
Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024.Pick, a Morgan ...
Big banks are done reporting earnings. Here’s how our financial names performed against peers
Despite a murky macroeconomic environment and heightened fears around the health of the banking sector, the nation's largest financial institutions ...
