by Ken Chase | Jan 2, 2023 | Banks, News
Goldman Sachs Signals Mass Job Cuts in Coming Weeks By: Ken Chase Earlier this month, Goldman Sachs CEO David Solomon told Bloomberg that he saw “bumpy times ahead” that would lead to cuts in the bank’s workforce. In this week’s annual year-end memo to the bank’s...
by Ken Chase | Dec 29, 2022 | News
CEBR: Global Effort to Control Inflation will Lead To Recession for World Economy in 2023 By: Ken Chase The world’s ongoing fight against stubbornly high inflation is likely to result in a global recession, according to economic forecasters from the Centre for...
by Brian Pillmore | Dec 15, 2022 | Banks, News
Bank of America, Wells Fargo CEOs forecast recession in 2023 By: Ken Chase The CEOs of two of the nation’s largest financial institutions, Bank of America and Wells Fargo, warned that consumers appear to be pulling back on spending in recent weeks. That news suggests...
by Brian Pillmore | Dec 9, 2022 | Banks, Business, News
By: Ken Chase The U.S. Department of Justice recently called on banks and other companies to be more proactive about reporting their misconduct, promising a variety of incentives to those who do more to self-report their misdeeds. A DOJ official announced the new...
by Brian Pillmore | Dec 9, 2022 | Banks, Business, Financial, News
By: Ken Chase U.S. financial firm Morgan Stanley eliminated about 1,600 of its more than 81,000 employees on Tuesday, a roughly 2% reduction in its workforce. According to reports, the cuts were broad-based and impacted nearly every area of the company except for the...
by visbanking | Nov 29, 2022 | Banks, Blog, News
By: Ken Chase. Relief may be on the way for those who fell prey to scams on the Zelle payment network, according to reporting from the Wall Street Journal this week. A group of seven of the nation’s biggest banks, including powerhouses like Wells Fargo, JPMorgan...
