Citigroup CEO Jane Fraser Gets Pay Bump to $26 Million After a 38% Drop in Profits
Citigroup CEO Fraser got 6% pay bump, a year the bank's profits dropped 38%. Fraser began dramatic restructuring results in estimated 20,000 job cuts.
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By the Numbers - Deloitte, Ernst & Young (EY) are Reducing Staff
EY and Deloitte are currently evaluating staff workloads with increased scrutiny and are discreetly reducing their workforce, according to reports.
UPDATE 4-Truist to Focus on Banking With $15.5 Bln Insurance Brokerage Business Sale
Truist Financial agreed to sell the remaining stake in its insurance brokerage business to an investor group in a deal valued at $15.5 billion.
US Eases Restrictions on Wells Fargo After Years of Strict Oversight Following Scandal
Biden Administration eased some of the restrictions on Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals.
Headcount Reduction Hits Morgan Stanley Wealth Management Division
Morgan Stanley is poised to implement a series of layoffs within its esteemed wealth management division as part of an initiative to reduce costs.
A ‘Clerical Error’ in Lyft Outlook Triggered 67% Stock Jump
It was, without a doubt, a strong earnings report. Lyft Inc. projected adjusted earnings as much as 11% higher than analysts’ estimates.
Atria Wealth Solutions Goes Big and Stock Gains Follow
LPL Financial's strategic acquisition of Atria Wealth Solutions signifies a pivotal expansion within the wealth management sector.
