Randal Quarles, the Federal Reserve's vice chair for supervision, says regulators need to be vigilant about new risks from lenders that operate outside of the strictest banking-industry rules - as well as from the increasing push by technology companies into lending and asset management.
JPMorgan Chase, the biggest U.S. bank, is eliminating hundreds of workers after an annual review of staffing levels in its asset- and wealth-management division.
Federal judge sets oral arguments in contempt case against Elon Musk for next week.
According to the New York State Comptroller's office, the average bonus paid to securities-industry employees in New York City declined by 17% to $153,700. But Wall Street bankers and traders still make roughly five times more, on average, than workers in other industries.
Elon isn't leaving the best impression on ESG experts.
Even those firms reticent to require ESG analysis may be forced to as younger investors continue to put their pocketbooks where their politics are.
BlackRock seeks to buy French financial software expert eFront in efforts to expand into tech and alternative offerings.
Viacom warns 24 million DirecTV customers of an outage of its channels and accuses parent AT&T of abusing newfound powers.
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