Ex-Wells Fargo Exec to Pay $5M to SEC for Misleading Investors
By Melanie WaddellCarrie Tolstedt publicly endorsed the bank's "cross-sell metric" while knowing it included fake accounts, the SEC said.
May 30, 2023
Goldman Planning Another Round of Job CutsThe move comes a few months after the bank had one of its biggest rounds of job cuts ever: 3,200 positions were trimmed in January.
May 30, 2023
JPMorgan Building ChatGPT-Like Investment ToolIndexGPT will use AI-driven software "for analyzing and selecting securities tailored to customer needs," a trademark filing says.
May 30, 2023
House to Vote on Accredited Investor Definition Bill This WeekThe bill's sponsor says limiting private investments to people meeting certain financial thresholds is an outdated practice.
May 30, 2023
JPMorgan Builds Unit for the Super RichThe unit, called 23 Wall, doesn't have a minimum wealth threshold, but it clearly caters to the richest 0.01%.
May 30, 2023
What Cuts Are in the Biden-McCarthy Debt Limit Deal?Here's what could happen to programs like Social Security and Medicare, IRS enforcement and payments on student loans.
May 28, 2023
Biden, McCarthy Forge Debt Deal in Bid to Avert DefaultThe deal would clawback funding for IRS agents and speed up some energy project environmental reviews, according to a GOP summary.
May 26, 2023
What You Need to Know About AI ETFsYour clients might ask about investing in AI. An ETF could be an entry point, but there are risks.