Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
A US judge ruled Tuesday that private equity groups still have legal cover from lawsuits involving their portfolio companies.
A rare social media appearance by a well-known daytrader boosted GameStop and other stocks that gained popularity during the 2021 craze.
UK stocks have been outperforming US stocks on a broad index-based level for the past seven weeks, but this isn’t a case of a UK renaissance.
Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.
Berkshire Hathaway’s legendary investor admitted that he doesn’t have any idea how to put $189 billion of cash to effective use.
The slow integration of Credit Suisse has only exacerbated existing problems with UBS’s asset management unit.
It’s a possible sign that the VC industry’s newest chapter is a story of the haves and have-nots.
Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.
The NYSE is asking participants how investors should be protected during periods of volatility, how overnight staffing should work.
The top 50 companies in the index have seen a collective 4.5% skid so far in April, while the bottom 50 have slipped 8.6%.
Does the AI hype actually hold any substance? As long as you don’t get distracted by shiny things, these venture capitalists say.
Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.
In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.
The bank plans to take its profits off the table and repurpose them for new investments — primarily in energy and firms listed in Japan.
JPMorgan’s CEO sees a lot of potential in the US economy — and plenty of obstacles to overcome.