Bank of America to Raise Minimum Wage to $20 From $15 in Two Years

Bank of America to Raise Minimum Wage to $20 From $15 in Two Years

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 to Pay $1.1 Billion to Resolve U.S., U.K. Probes

Standard Chartered to Pay $1.1 Billion to Resolve U.S., U.K. Probes

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.

European Union Snaps Back on U.S. Tariff Threats

European Union Snaps Back on U.S. Tariff Threats

War over government subsidies to Airbus and Boeing escalates, prompting threats of more tariffs by both the U.S. and EU.

JPMorgan Faces New Threat That CEO Dimon Says He Doesn't Worry About

JPMorgan Faces New Threat That CEO Dimon Says He Doesn't Worry About

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.

Bank of America's Push Into Ohio Sets Up New Test of Big-Bank Power

Bank of America's Push Into Ohio Sets Up New Test of Big-Bank Power

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 Bets on Physical Branches, Even as Amazon Makes Them Obsolete

Bank of America Bets on Physical Branches, Even as Amazon Makes Them Obsolete

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.

As Economy Slows, JPMorgan CEO Dimon Sees 'Bad Policy' but No Recession

As Economy Slows, JPMorgan CEO Dimon Sees 'Bad Policy' but No Recession

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.

Raytheon Shares Drift Lower on UBS Downgrade

Raytheon Shares Drift Lower on UBS Downgrade

Raytheon shares move into defensive mode after receiving a downgrade and price-target cut from UBS.

As ETFs Gain on Mutual Funds, WisdomTree Emerges as Takeover Target

As ETFs Gain on Mutual Funds, WisdomTree Emerges as Takeover Target

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.

It's Time to Close the Pay Gap, Says Sallie Krawcheck

It's Time to Close the Pay Gap, Says Sallie Krawcheck

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.