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Biggest Investment Banks Cut More Jobs in 2024 After Brutal Year — Financial News
Morningstar· 9 hours agoThe world's biggest investment banks are continuing their brutal headcount reduction in 2024 as slashing costs stays on the agenda despite an uptick in deal fees. The top 12 investment banks ...
Citigroup says AI could replace more than half of jobs in banking - The Boston Globe
The Boston Globe· 5 days agoCitigroup said artificial intelligence is likely to displace more jobs across the banking industry...
Gateway - Quartz
Quartz· 7 days agoMost heads of Wall Street’s biggest banks saw their compensation climb by double-digits last year as the sector saw record returns — with only one CEO receiving a pay cut.
The AI jobs threat is biggest for banking, says Citi - InvestmentNews
InvestmentNews· 4 days agoAbout 54% of jobs across banking have a high potential to be automated, the bank said Wednesday in a...
Lithium’s Ongoing Slump Has Traders Searching for Recovery Signs
Bloomberg via Yahoo Finance· 19 hours ago(Bloomberg) -- Lithium industry watchers hoping the battery metal was poised to rebound from an epic...
JPMorgan, Citigroup, Bank of America, and Goldman Sachs have weaknesses in their bankruptcy plans
Quartz· 3 days agoFederal regulators found fault in the unwinding plans of several of the largest U.S. banks. When...
Bank of Canada to Explain Its Pandemic Actions as Political Tides Shift
Bloomberg via Yahoo Finance· 9 hours ago(Bloomberg) -- The Bank of Canada is doing a formal review of its pandemic-era policies, when it...
Wall Street Favorites: 3 Retail Stocks With Strong Buy Ratings for June 2024
InvestorPlace· 9 hours agoRetail sales are moving at a sluggish pace but several trends suggest that strong buy retail stocks...
News Highlights: Top Financial Services News of the Day - Wednesday at 12 AM ET
Morningstar· 6 days agoToronto-based Fengate Asset Management has acquired control of a data-center services provider in one of the biggest privately-led Canadian deals of the year. A business that has long stood ...
Trump Says Execs Who Don’t Support Him Should Be ‘Fired For Incompetence’—While Touting Tax Cuts
Forbes· 7 days agoFormer President Donald Trump said in a post on Truth Social business executives and shareholder...