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People line up outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Three years ago, JPMorgan Chase executive Doug Petno was at a New York City party celebrating a colleague’s retirement when his boss, Jamie Dimon, called Petno over. It was March […]
Crypto-focused Erebor Bank became the first bank to receive a national bank charter during the second term of the Trump administration, the Wall Street Journal reported Friday. The approval allows the Palmer Luckey-backed entity to operate as a bank nationwide, and occurred less than eight months after it applied for a charter with the Office of […]
As restaurant lovers debate whether Masa will survive its Michelin guide demotion from three stars to two, real estate-watchers are asking: Can the Deutsche Bank Center “Restaurant Collection” regain its past glory, which was based on its unique pair of three-star eateries? While other dining venues came and went at the shopping and dining mall inside the former […]
Citigroup said Thursday that Chief Financial Officer Mark Mason will step down from his role in early March before leaving the bank next year. The Jane Fraser-led lender named Gonzalo Luchetti, currently the bank’s head of US personal banking, as his successor. Citi said on Thursday that Mark Mason, chief financial officer of the Wall […]
Bank of America CEO Brian Moynihan says he’s ready to meet with New York City Mayor-elect Zohran Mamdani to discuss the city’s future as competing states try to court concerned business owners away from the Big Apple. “Now that a mayor is in office, whether it’s this city or any other city, we have an obligation as […]
It took him long enough. This week, Bank of America CEO Brian Moynihan will hold his first “investor day” since 2011 – breaking 14 years of silence that nicely highlights the positively awful job he has done communicating with investors. Insiders say that 66-year-old Moynihan, who only recently laid out a succession plan, was likely […]
Bob Hartheimer, CEO of Tennessee’s Evolve Bank & Trust, was fired after U.S. law enforcement officials caught him propositioning a law enforcement officer posing as a 15-year-old boy on gay dating app Grindr. On Oct. 19, an employee of the Federal Bureau of Investigation logged onto Grindr while pretending to be a teen boy, and […]
Big banks including JPMorgan Chase and Goldman Sachs had just finished taking victory laps after a blockbuster quarter when concerns emerged from an obscure corner of Wall Street, sending a collective shiver through global finance. Regional bank Zions late Wednesday disclosed a near total wipeout on $60 million in loans after finding “apparent misrepresentations” from […]
A woman who says Jeffrey Epstein sexually abused her at least 100 times is suing Bank of America and Bank of New York Mellon over their alleged ties to the convicted predator, accusing the banks of maintaining relationships with him and failing to report suspicious activities until after his 2019 death. The class-action lawsuits, filed […]
US businesswoman Charlie Javice (L), founder of Frank, arrives for her sentencing hearing at federal court in Manhattan on Sept. 29, 2025, in New York City. Timothy A. Clary | AFP | Getty Images Charlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, was sentenced to just over 7 years in prison Monday […]
