Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks.UBS is no stranger to blockbuster mergers. The modern company is comprised…
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Banks
ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
Christine Lagarde (R), President of the European Central Bank (ECB), and Vicepresident Luis de Guindos (L)Thomas Lohnes | Getty Images News | Getty ImagesFinancial markets could…
British digital bank Monzo hits monthly profitability for the first time after spike in lending
A Mastercard debit card from U.K. digital bank Monzo.MonzoMonzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of the U.K.'s most…
Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy
JPMorgan Chase and Company President and CEO Jamie Dimon testifies before a Senate Banking, Housing, and Urban Affairs hearing on "Annual Oversight of the Nation's Largest Banks",…
Goldman Sachs is cutting jobs again amid Wall Street deals slump
David Solomon, CEO, Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, California, April 29, 2019.Kyle Grillot | Bloomberg | Getty ImagesGoldman…
Record increase in fixed-term deposits at German banks
More and more savers are investing in…
JPMorgan Chase cut about 500 technology and operations jobs this week, sources say
JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023.Gabby Jones | Bloomberg | Getty ImagesJPMorgan Chase cut about 500 positions this week, mostly…
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesKlarna, the Swedish buy now, pay…
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in…
Boss of Goldman-backed digital bank Starling to step down next month
Starling Bank CEO Anne Boden.Starling BankThe co-founder of Starling, one of the U.K.'s largest digital banks, is set to step down as CEO next month, the company said…