Bank of America says it will raise its minimum wage to $20 an hour from $15 now, in an effort to be a 'great place to work.'
Standard Chartered, a big U.K. lender, will include a $190 million charge in first-quarter results to pay for the settlements, on top of a $900 million reserve recorded in the fourth quarter of 2018.
JPMorgan Chase CEO Jamie Dimon says he doesn't worry about loan growth. But Wall Street analysts do - and the brokerage firm KBW is projecting a slowdown at the biggest U.S. bank this year and next - even as profit margins shrink on new and existing loans.
The expansion by Bank of America, the second-biggest U.S. lender, in Ohio aims squarely at territory that's currently dominated by large regional banks like Fifth Third, Huntington and Key.
Bank of America said it would accelerate a branch expansion and modernization effort started three years ago -- betting that customers still want to visit physical locations even as more shoppers go online.
JPMorgan CEO Jamie Dimon says he doesn't currently expect the U.S. economy to tip into recession, but the risks are growing from 'bad policy,' and he lamented the loss of certainty in American global leadership. Spoiler alert: He didn't mention President Donald Trump.
WisdomTree Investments, a specialist in exchange-traded funds, could be an attractive takeover candidate for big money managers looking to catch up in the fast-growing ETF industry, according to Credit Suisse.
Sallie Krawcheck says that it's time to close the pay gap. Here's why companies should consider it an investment and not an expense.
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