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America’s big banks are hiding behind racial equity to avoid new capital standards–but refuse to disclose the demographics of their small business lending
Commentary
America’s big banks are hiding behind racial equity to avoid new capital standards–but refuse to disclose the demographics of their small business lending
By Carolina MartinezJanuary 10, 2024
Mike Mayo
Finance
Dimon reads him, Buffett writes to him and Solomon stares him down. It’s Mike Mayo, the star analyst who insists ‘market’s wrong, i’m not’ about his 2-year losing streak
By Bre Badham, Sridhar Natarajan and BloombergJanuary 9, 2024
Morgan Stanley executive chairman James Gorman
Finance
Outgoing Morgan Stanley CEO James Gorman, who saved the company after the 2008 financial crisis, gives himself an A- for his 14-year tenure
By Paolo ConfinoJanuary 4, 2024
Here’s when banks will be closing on Dec. 23 and Dec. 24
Finance
Here’s when banks will be closing on Dec. 23 and Dec. 24
By Chris MorrisDecember 22, 2023
heads of People shown against a Goldman Sachs sign on a wall
Finance
British Goldman Sachs top commodities trader is retiring after making $100 million in 3 years—topping what CEO David Solomon pulled in
By Prarthana PrakashDecember 13, 2023
Citigroup used a London banker as ‘scapegoat’ in $45M failure—now he wants to return to work for the bank after winning an unfair dismissal lawsuit
Finance
Citigroup used a London banker as ‘scapegoat’ in $45M failure—now he wants to return to work for the bank after winning an unfair dismissal lawsuit
By Ryan HoggDecember 13, 2023
Elizabeth Warren and Wall Street just declared a truce: ‘I am not usually holding hands with the CEOs of multibillion-dollar banks’
Finance
Elizabeth Warren and Wall Street just declared a truce: ‘I am not usually holding hands with the CEOs of multibillion-dollar banks’
By Irina IvanovaDecember 6, 2023
The U.S. economy could face ‘a perfect storm’ if Basel III Endgame goes into effect. Here’s why
Commentary
The U.S. economy could face ‘a perfect storm’ if Basel III Endgame goes into effect. Here’s why
By Kevin FromerDecember 6, 2023
Federal government warns banks about offering buy-now, pay-later lending that could come back to bite them
Finance
Federal government warns banks about offering buy-now, pay-later lending that could come back to bite them
By Paige Smith and BloombergDecember 5, 2023
Ex-CEO of scandal-plagued Wells Fargo sues, claiming bank underpaid him by $34 million
Finance
Ex-CEO of scandal-plagued Wells Fargo sues, claiming bank underpaid him by $34 million
By Hannah Levitt and BloombergDecember 1, 2023
Peter Orszag, Jennifer Johnson
Tech
Obama advisor turned Wall Street CEO says everyone’s AI predictions will be ‘invariably wrong.’ Peter Orszag says the ‘track record is terrible’
By Chloe TaylorNovember 29, 2023
Wall Street is in an all-out war for AI talent as banks poach each others’ employees—and Goldman Sachs is losing
Finance
Wall Street is in an all-out war for AI talent as banks poach each others’ employees—and Goldman Sachs is losing
By William Shaw and BloombergNovember 28, 2023
people walking outside a Barclays Bank branch
Finance
Barclays Bank is reportedly axing up to 2,000 jobs as part of a $1.25 billion cost-cutting plan
By Prarthana PrakashNovember 24, 2023
Wells Fargo
Success
Wells Fargo workers at 2 branches move to unionize in rare move for banking sector
By Niket Nishant and ReutersNovember 20, 2023
A headshot of Rhomaios Ram.
Companies
Goldman Sachs and BNP Paribas lead $100 million funding round for Fnality International
By Ben WeissNovember 13, 2023
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Success
After donating $8 billion, Steve and Connie Ballmer create three regional philanthropies so people closest to the work can decide how the money is spentplaceholder alt text
By Sydney LakeAugust 11, 2026
Economy
U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lenderplaceholder alt text
By Eleanor PringleAugust 11, 2026
North America
Google cofounder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he losesplaceholder alt text
By Sasha RogelbergAugust 11, 2026
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