Banks

Business

As Klarna cuts jobs, rival fintechs say they’re recruiting for hundreds of roles

Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Not all fintech…

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Business

U.S. bars Russia from paying bondholders through American banks, increasing default risk

The Kremlin towers and Ivan the Great Cathedral in Moscow. Kirill Kudryavtsev | Afp | Getty Images The Biden administration…

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Business

Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money

Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022.  Adam Galica…

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United Kingdom

UK banks face up to £225bn in climate-related credit losses, stress test finds

UK banks and insurers that fail to manage the risks associated with climate change could suffer a 10-15 per cent…

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United Kingdom

Bank of England tells banks: ‘Take climate action now or face profits hit’

The Bank of England has told banks to take climate action immediately or face a hit to annual profits of…

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Business

Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025

Diess said he expects Germany’s auto giant to create some momentum over the coming months. Jens Schlueter | Afp |…

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Business

JPMorgan shares pop after bank says it will reach key returns target earlier than planned

Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019.…

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United Kingdom

ECB orders banks to beef up ‘empty shell’ operations set up after Brexit

The European Central Bank has told the biggest Wall Street and City of London investment banks to bulk up the…

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Business

Goldman Sachs CEO advises clients to be cautious because Fed policy has unpredictable consequences

Goldman Sachs CEO David Solomon is advising his clients to be more cautious with their finances because the Federal Reserve’s…

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Business

JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus

JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on…

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