by Brian Pillmore | Dec 9, 2022 | Banks, Business, News
By: Ken Chase Estimated reading time: 2 minutes The U.S. Department of Justice recently called on banks and other companies to be more proactive about reporting their misconduct, promising a variety of incentives to those who do more to self-report their misdeeds. A...
by Brian Pillmore | Dec 9, 2022 | Banks, Business, Financial, News
By: Ken Chase Estimated reading time: 2 minutes U.S. financial firm Morgan Stanley eliminated about 1,600 of its more than 81,000 employees on Tuesday, a roughly 2% reduction in its workforce. According to reports, the cuts were broad-based and impacted nearly every...
by visbanking | Nov 29, 2022 | Banks, Blog, News
By: Ken Chase. Estimated reading time: 2 minutes Relief may be on the way for those who fell prey to scams on the Zelle payment network, according to reporting from the Wall Street Journal this week. A group of seven of the nation’s biggest banks, including...
by visbanking | Nov 29, 2022 | Banks, Blog
By: Ken Chase. Estimated reading time: 2 minutes JPMorgan Chase and Deutsche bank are reportedly being sued by women who allege that the financial firms provided sexual abuser Jeffrey Epstein with financial support that enabled his international sex trafficking...
by visbanking | Nov 29, 2022 | Banks
By: Ken Chase. Estimated reading time: 2 minutes With the holiday shopping season looming large on the economic horizon, the latest University of Michigan sentiment survey suggests that its confidence is on the decline. According to this sentiment index, the level of...
by Ken Chase | Nov 28, 2022 | Banks, News
By: Ken Chase. Estimated reading time: 2 minutes The U.S. Securities and Exchange Commission recently confirmed that it had settled charges against Goldman Sachs Asset Management. GSAM had been charged by the regulator for issues related to its failure to follow the...
