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JPMorgan investors hand Dimon rare rebuke, object to $53 million bonus

JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan ChaseChief Executive Officer Jamie DimonOn Tuesday, the bank […]

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Biden set to redeploy U.S. troops to Somalia, reversing Trump withdrawal

US soldiers are seen at the observation point for the African Lion military exercise, which took place in Tan-Tan in southwest Morocco. It was held on June 18, 2021. Fadel Senna | AFP | Getty Images WASHINGTON — A senior official in the administration confirmed that President Joe Biden authorized a plan to send U.S. forces to […]

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Biden set to redeploy U.S. troops to Somalia, reversing Trump withdrawal

US soldiers are seen at the observation point for the African Lion military exercise, which took place in Tan-Tan in southwest Morocco. It was held on June 18, 2021. Fadel Senna | AFP | Getty Images WASHINGTON — According to NBC News, a top administration official said that President Joe Biden had approved a plan for the […]

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Goldman Sachs gives senior managers a new perk: ‘flexible vacation’ policy

David Solomon (CEO, Goldman Sachs), speaking at the World Economic Forum Davos in Switzerland on Jan. 23, 2020. Adam Galacia | CNBC Goldman SachsIt offers its highest managers an unusual perk in the technology industry: The ability to enjoy as much vacation as they like. The investment bank told managing directors and partners last month that starting […]

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Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks

Scott Young, former Chief Commercial Officer at Goldman Sachs Marcus, is CEO of iCreditWorks. Courtesy: Goldman Sachs Goldman SachsExecutive who has secured the largest credit card deals for the industry in recent years is leaving to start an early stage company iCreditWorksCNBC recently learned. Scott Young, who is chief commercial officerStephen Sweeney founder at iCreditWorks […]

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Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors

Michael Sonnenshein CEO of Grayscale Investments, NYSE. April 18, 2022. Source: NYSE GrayscaleCNBC learned that the Asset Manager of the largest Bitcoin Fund in the World, Jeremy Sullivan, met with the Securities and Exchange Commission to try to convince the regulator to allow the transformation of the flagship fund to an ETF. According to a […]

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Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push

Goldman Sachs CEO David SolomonHis campaign to bring more of his workers back into the office could be a long-term effort, he stated. Solomon revealed to CNBC’s David Faber that the U.S. has a 50%- 60% attendance rate in person, which is a decrease from the pre-Covid figure, of approximately 80%. Solomon explained that the […]

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Goldman to test consumer checking account with its U.S. staff

Stephanie Cohen, Goldman Sachs’ Global Co-head Consumer and Wealth Management, spoke at the 2018 New York Times Dealbook conference. Getty Images| Getty Images Goldman SachsThe long-awaited checking account has finally become a reality. According to reports, the bank has increased internal testing to ensure that no-fee interest bearing accounts are available to its U.S. workers. […]

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Goldman exec Dustin Cohn leaves for real estate investing start-up Cadre

Dustin Cohn, Chief Marketing Office of Cadre Source: Cadre Goldman Sachs consumer bank branding chief Dustin CohnCNBC learns that Cadre is Cadre’s chief marketing office. Cohn left, who is often credited for helping nameMarcus, the consumer division of the company in 2016, was the most recent in analogues wave of exitsIn the last 14 months, […]

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BAC earnings 1Q 2022

Brian Moynihan is the CEO and Chairman of Bank of America. He spoke at the UN Climate Change Conference, COP26 in Glasgow, Scotland (Britain), November 2, 2021. Hannah McKay | Reuters Bank of AmericaThe opening bell on Monday will be ring and the company is expected to release its first quarter results.Here are the expectations […]