Lananh Nguyen
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JPMorgan expects to make money from rising interest rates and bumpy markets.
Market volatility will increase revenue from trading, while borrowers will be shelling out more as rates rise, bank officials said.
The maker of Ray-Ban sunglasses has sued JPMorgan over $272 million in fraudulent payments.
The French maker of Ray-Ban sunglasses, Essilor International, has sued JPMorgan Chase for failing to stop the suspicious payments.
Bank of America Reports Lower Quarterly Profits
The bank reported lower quarterly profits, but it expects to earn significantly more money later this year from rising interest rates.
Glass Lewis Argues Against David Solomon’s $35 Million Pay Package
Glass Lewis, the advisory firm, on Friday gave Goldman a grade of C for executive compensation.
A former Goldman Sachs executive tied to a scandal over leaked Fed documents is barred from banking.
Goldman’s compliance department found private documents from the Federal Reserve Bank of New York on the banker’s desk — although he said he had never...
Bryan Moynihan Turned Bank of America Around. Can He Do More?
Brian Moynihan’s cautious approach as C.E.O. fostered a turnaround after the 2008 financial crisis, but some question whether it’s holding the bank back now.
Wall Street Banks Are Getting Flexible on Working From Home
Many big banks are offering flexible working arrangements — sometimes grudgingly — as they chase talent that would rather stay home.
Wall Street bonuses jumped 20 percent to a record, but the boom may be short-lived.
Bankers in New York City’s securities industry got an average bonus of $257,500 last year, the state’s comptroller estimated.
BNY Mellon Says Russian Sanctions May Cost It $200 Million
BNY Mellon has ceased new business in Russia and has “suspended investment management purchases of Russian securities,” it said.