President Joe Biden has invited congressional leaders for a May 9 meeting after Treasury Secretary Janet Yellen suggested the US might exhaust its options to fund itself as early as June 1.
48% of Americans are very or moderately worried about their money following the worst spate of bank failures in 15 years, according to a Gallup poll.
The Fed raised interest rates by a quarter percentage point Wednesday, but the FOMC statement no longer included a line about anticipating 'additional policy firming.'
The firm disclosed the investigations last year, and said it faces potential civil liability from allegations that it caused stock prices to drop before completing a block trade.
The number of finance and insurance jobs in Dallas has surged 33% in the past decade, more than double the national average.
Trevor Murray is seeking to reinstate a $900,000 jury verdict he won on allegations that he was fired for refusing to skew his reports to help the firm’s business strategies.
The Securities and Exchange Commission plows ahead with plans to boost oversight of the private fund industry.
The head count reductions, which are the bank’s second round within six months, will spare wealth management teams, including advisors.
The downgrade reflects S&P’s expectation that CI will operate with debt of 4 to 5 times EBITDA over the next year.
The failed bank, which had about $290 billion in wealth management assets, will increase JPMorgan’s reach to high-net-worth clients in what it deems attractive locations.
