Financials Jamie Dimon

  • Bank consultants say tens of millions of dollars are spent each year on initiatives to build a culture of integrity, partly at the urging of regulators such as the Federal Reserve Bank of New York and the U.S. Office of the Comptroller of the Currency. Wells Fargo's debacle- involving the creation of as many as 2 million accounts without customers' permission- is...

  • Sept 27- Wells Fargo& Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the centre of a burgeoning sales scandal, has left the company ahead of...

  • John Stumpf, chairman and CEO of Wells Fargo.

    Big bank CEOs aren't the only ones bringing home big paychecks. Less-recognized executives at these banks are also making big bank, USA Today reports.

  • John Stumpf, chairman, president and chief executive officer of Wells Fargo & Co.

    CEOs aren't alone bringing home giant paychecks from the nation's big banks.

  • NEW YORK, Sept 21- Wells Fargo& Co Chief Executive John Stumpf prides himself on being a banker who understands the little guy's financial problems. He smiles, and he's sweet and he's in no way responsible, "said Robert Monks, chairman of ValueEdge Advisors, which advises investors on corporate governance issues. Earlier this month, the lender agreed to pay $190...

  • Warren Buffett, chairman of Berkshire Hathaway.

    One of Warren Buffett's top stock pickers just got added to the JPMorgan Chase board of directors. Does this mean Buffet purchased a stake in JPMorgan?

  • Sept 20- Todd Combs, one of Warren Buffett's stockpicking deputies at Berkshire Hathaway Inc, has joined the board of JPMorgan Chase& Co, expanding the conglomerate's already deep ties to the financial services industry. Buffett has credited him with triggering Berkshire's largest acquisition, the $32.1 billion takeover in January of aircraft parts maker...

  • NEW YORK, Sept 20- JPMorgan Chase& Co. The investment reflects Chief Executive Officer Jamie Dimon's response to threats from new Silicon Valley companies, which he said in 2015 were coming to disrupt JPMorgan's business. Starting early next year, the bank will use InvestCloud to customize website dashboards and mobile apps for clients ranging from...

  • John Stumpf, CEO, Wells Fargo

    The head of the bank that came out of the financial crisis relatively unscathed now faces the Senate Banking Committee a over a far-reaching scandal.

  • *Britain wants to reassure and hear U.S. investors. *May says she will get the right deal for Britain. The June 23 vote took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain since World War Two and the biggest ever one-day fall in sterling against the dollar.

  • *Britain wants to reassure and hear U.S. investors. *May says she will get the right deal for Britain. The June 23 vote took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain since World War Two and the biggest ever one-day fall in sterling against the dollar.

  • *Britain wants to reassure and hear U.S. investors. The June 23 vote took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain since World War Two and the biggest ever one-day fall in sterling against the dollar. "There's something like a million people in the UK wake up each morning and then go to work...

  • WASHINGTON, Sept 19- Market volatility is low, U.S. census data shows income gains have reached the middle class, and workers are clawing back a larger share of national income. If Fed Chair Janet Yellen wants to prove that policymakers are not being pulled along by investors who for years have second-guessed them, this week may offer a rare moment of calm to do so.

  • U.S. Federal Reserve Board Chairwoman Janet Yellen

    If Fed Chair Janet Yellen wants to prove that policymakers are not being pulled along by investors, this week may offer a rare moment to do so.

  • WASHINGTON, Sept 19- Market volatility is low, U.S. census data shows income gains have reached the middle class, and workers are clawing back a larger share of national income. If Fed Chair Janet Yellen wants to prove that policymakers are not being pulled along by investors who for years have second-guessed them, this week may offer a rare moment of calm to do so.

  • NEW YORK, Sept 16- A phantom account scandal at Wells Fargo& Co has put the U.S. bank's disclosure policies under a harsh spotlight. Despite press reports that a federal regulator and the Los Angeles prosecutor were investigating sales practices at retail branches of the San Francisco- based lender, the bank, which agreed to a $190 million settlement, gave...

  • Paul Singer

    Comments from investors at the Delivering Alpha conference added fuel to an already sour mood in markets and concerns that central banks just can't get it right.

  • Formula 1 accident

    Big banks are backing away from parts of the auto loan market as Americans take on bigger debts that take longer to pay off.

  • NEW YORK, Sept 13- The economic environment is too fragile for the Federal Reserve to raise interest rates this month, Ray Dalio of Bridgewater Associates, one of the world's largest and most closely watched hedge fund investors, said on Tuesday. "The risks are so much more on the downside," Dalio, chairman and co-chief investment officer of the $150 billion...

  • NEW YORK, Sept 13- Ray Dalio of Bridgewater Associates, one of the world's largest and most closely-watched hedge fund investors, said Tuesday that the economic environment is too fragile for the U.S. "The risks are so much more on the downside," Dalio, chairman and co-chief investment officer of $150 billion Bridgewater, said Tuesday at the CNBC Institutional...