Macy's plans new restructuring to reduce top executives, save $100M annually
The company said it would introduce initiatives to grow margin through efficient management of its inventories and supply chain.
Brexit: British Parliament to decide between no deal and delay
But British lawmakers worried that May risks thrusting the world's fifth largest economy into an economic crisis have threatened to usurp control of Brexit from the government in a series of votes on Wednesday.
Bank of America drops 'Merrill Lynch' name in rebranding effort
Bank of America bought Merrill Lynch at the height of the 2007-08 financial crisis.
The Oscars: A win doesn't guarantee a financial windfall these days
The gold-plated statuette appears to have lost some of its luster.
JPMorgan trades banker offices for shared desks
The bank already set up hot desks for investment bankers in Hong Kong,
Wells Fargo donates $444M to nonprofits for affordable housing, small businesses
The big bank donated to nearly 11,000 organizations that focus their work on promoting affordable housing, small businesses, education and environmental sustainability.
PG&E extends deadline for board nominations
Investors will now have until March 1 to nominate director candidates.
Deutsche Bank lost $1.6B on a bond bet
The loss represents one of Deutsche Bank’s largest ever from a single wager.
Brexit backlash has UK businesses flying the coop
Brexit backlash...Businesses saying bye-bye.
Citi to double Brazil commercial bank unit's assets by 2020
Citi is targeting firms with between 200 million and 1.8 billion reais in revenues, department head Antonio Rubens.
China seizes $1.5B in online lending crackdown
The police ministry said it launched the investigation because P2P lending was increasingly risky and rife with complaints about fraud, mismanagement and waste.
Citi in talks to buy Canary Wharf office building: Report
The tower at 25 Canada Square, which already houses many of the bank's 6,000 London-based staff.
Amazon scooped up government debt in 2018
Amid year-end market volatility, the e-commerce giant doubled its investments in government-related debt.
Why can't a third of small businesses make payroll, pay bills?
For many small businesses and self-employed workers who struggle with cash flow.
UBS reorganizes pay policy for 10,000 staff
The move aimed to reduce uncertainty around compensation rather than to scale back the amount paid, the bank said.
Wells Fargo CEO promises outage review as delays persist
The bank is extending branch hours and staffing up contact centers to assist customers.
Wells Fargo reports most banking services have been restored
The bank said ATM services have been restored and are available for customer use,
Unum to let workers exchange PTO for student debt relief
The insurance company said at the end of January it will offer the new benefit to help its workers tackle student debt.
BB&T to buy SunTrust Banks in $66B deal
The deal creates the sixth largest bank by assets and deposits.
Trump’s World Bank nominee, David Malpass, says his focus is median income growth for countries
David Malpass, President Trump’s nominee to head the World Bank, says he will focus on improving the median income for countries.