Credit Suisse Looks to Skinny Down to Move Forward
Is Credit Suisse preparing for a major shake-up?
Financials
Big US Regional Banks Could Face New Crisis Regulations
America’s large regional banks could be hit with post-2008 crisis regulations they initially escaped.
EY Top Brass Announce Plan to Split Big Four Auditor
Ernst & Young’s leaders want to break up their firm.
Goldman Sachs Considers Delaying Online Checking Accounts
Goldman Sachs isn’t ready to commit to consumer checking accounts.
State Pensions, University Endowments Take a Beating in Market Rout
Teachers may be leaving the profession in record numbers this year following their tour of duty on the pandemic frontlines, but there isn’t much sanctuary, safety, or security to be found in retirement either. On Tuesday, data released from the…
The Upper-Middle Class Members Feel the Pain of Inflation
The pandemic, with canceled vacation plans and fewer sprawling nights out on the town, inadvertently helped just about everyone pad their savings accounts. But, thanks in large part to inflation, the bill is finally coming due. One surprising group is…
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Morgan Stanley and JP Morgan Profits Both Erode By Nearly a Third
Talk about a photo finish that no one will brag about “winning” — JP Morgan Chase reported a 28% decline in its second-quarter profit Thursday, only for Morgan Stanley to barely “beat” that with its own 29% profit decline. The…
CFA Enrollment Cratered During the Pandemic, It Hasn’t Rebounded
It’s nicknamed the “hardest exam in finance” but a pandemic-induced drop in students has some wondering if the famous chartered financial analyst (CFA) test was ever worth the trouble to begin with. According to new figures, the program is failing…
More Than a Third of 250k Earners Live Paycheck-to-Paycheck
Those who make $250,000 or more make up just 5% of Americans, according to the Census Bureau. But, according to a new survey by Pymnts.com and LendingClub, 36% of them — while earning four times the median US salary —…
JPMorgan Plans Hiring Spree En Route to Ambitious Goal
A hundred billion dollars isn’t cool. You know what’s cool? A trillion dollars. Twelve zeroes comprise the central motivation behind JPMorgan’s new plan, announced Monday at the bank’s investor day. The banking juggernaut plans to bring on 1,300 advisers to…
Rising Interest Rates are a Growing Pain for Companies With Junk Loans
Think rising interest rates are a pain because of what they did to your mortgage? Talk to a CEO whose company mortgaged their future on junk loans tied to the US Federal Reserve’s every move. The high costs of floating-rate…
