The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
Category: Citigroup Inc
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Markets Climb as Silicon Valley Bank Finally Finds a Buyer
First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein
The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
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Tesla Bulls Take Heart From Strong Profits
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO
The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
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Crypto Mogul Sam Bankman-Fried’s ‘Epic’ Legal Battle
The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges.
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A Federal Reserve President Spoke at an Invite-Only, Off-Record Bank Client Event
James Bullard, who leads the Federal Reserve Bank of St. Louis, appeared at a Citigroup forum last week in Washington. Reporters were not invited.
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Citigroup Quarterly Profit Falls 25%
The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.”
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JPMorgan, Citigroup and Other Big Banks See Profits Drop
Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.