Banking

Before his epic collapse this week losing an estimated $8 billion or possibly in 10 days, hedge fund trader Bill Hwang increased the size of his fortune a staggering 900% or more in just seven years.

Delta and JPMogran are condemning Georgia's HB 531 -- a controversial election reform bill that Gov. Brian Kemp signed last week after it passed in the Republican-controlled legislature.

Remote work is hurting the commercial real estate industry in major cities, including New York and San Francisco, as more firms look to ditch their office spaces permanently.

In some of the country’s largest shopping malls like Palisades Center in West Nyack, NY, the strategy to add theme-park like attractions to make up for declining foot traffic looks less like a lifeline and more like a burden. 

CEO Jane Fraser is also asking employees to try and limit scheduling calls outside of traditional working hours and on weekends.

An elaborate slideshow, which was shared with managers, includes testimonials of working 20-hour shifts that one worker called “inhumane.”

A new study has reinforced the view that traditional banks are on the decline, citing advancements in technology and internet access for the continuing trend.

Morgan Stanley's political action committee (PAC) resumed donations to lawmakers in February, weeks after it had announced a pause following the Capitol riots, according to a federal filing.

The gripes come from a disgruntled group of 13 first-year analysts in Goldman’s investment banking unit who surveyed themselves about their work woes — and then organized them into a detailed PowerPoint presentation that has since spilled onto social media.

Sen. Kevin Cramer, R-N.D., and Rep. Andy Barr, R-Ky., said they are taking aim at the influence of "woke corporate cancel culture" on banking.

The biggest U.S. banks are beginning to deliver stimulus checks to eligible Americans Wednesday morning following some criticism over the timing of the third round of direct cash payments. 

The major U.S. bank is planning on welcoming back hundreds of interns for when their summer programs kick-off.

A man has reportedly received 64 replacement debit cards from his bank over the course of several months.

Banks have begun processing $1,400 federal stimulus checks for many Americans as part of President Biden's $2 trillion COVID-19 relief package.

JPMorgan Chase has announced a series of new initiatives Tuesday to support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs) as part of a $30 billion commitment to advancing racial equity over the next five years, especially for Black and Latinx Communities. 

The VA delivers approximately $118 billion annually in benefits and services for veterans and their families, ranging from disability compensation, pension and fiduciary, education, home loan guaranty, vocational rehabilitation and employment, life insurance, and transition and economic development.

Wells Fargo announced equity investments in six African American Minority Depository Institutions as part of its $50 million commitment last year to support economic growth in Black communities. 

Financial regulators are expected to emphasize racial equity as they focus on consumer protection and expanding access to financial services.

Charles Schwab on Thursday notified users of technical difficulties due to an "unprecedented week of trading."

The bank will withhold $174 million in compensation from current & former execs