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.
Economist Steve Hanke Foresees Market Downturn, Recession and Lower Inflation
Economist Steve Hanke projects a downturn in the stock market, an impending recession, and a reduction in inflation to below 2% within this year.
Jamie Dimon Tells Davos that Bitcoin is a ‘Pet Rock’
Dimon tells Davos, Bitcoin is ‘pet rock’ that does nothing—except help with fraud and money laundering. He says he's done talking about Bitcoin—again.
After Huge Investments, Companies Need to Make Bank on Generative AI
If 2023 was the year companies poured money into generative AI, 2024 is the year they’re hoping those investments start to pay off.
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.