The 2023 Crisis May be Over for Regional Banks but They Still Have Plenty of 2024 Problems
Several of the nation's best-known midsized lenders reported sizable drops in profits during Q4. A reminder of how challenging 2023 was.
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Citigroup Equities Execs Leaving as Reorganization Continues, Sources Say
Three senior executives are leaving Citigroup's equity-trading division, sources say, as the company undergoes a sweeping reorganization.
JPMorgan Bolsters Security With $15B Investment
JPMorgan has acknowledged a notable increase in hacking attempts, allocating a significant portion of its $15 billion technology to bolster defenses.
Charles Schwab Profit Drops as Costly Deposits Squeeze Interest Revenue
Charles Schwab's Q4 profit fell 47% as bigger interest payments on its client deposits and debt dented gains from a jump in asset management fees.
Musk Wants More - Looking for Greater Stake in Tesla to Call Shots Independently
Musk, the iconic leader of Tesla, advocated for an increase in his influence within company, suggesting his substantial equity stake is insufficient.
Morgan Stanley Profit Hit by Charges, Revenue Beats Estimates
Morgan Stanley's Q4 profit took hit from $535M in charges though revenue beat expectations as debt underwriting fueled rebound investment banking.
Goldman Posts 51% Gain in Last Quarter of David Solomon's Most Challenging Year as CEO
Goldman Sachs (GS) in 2023 recorded the lowest profit since David Solomon’s first year as CEO but posted a sizable gain in Q4.
