Princelings and Patek Philippe watches on junior staffers are more common on Wall Street than many want to believe. » Read More
BOSTON, July 21- Leaders of top U.S. companies and investment firms on Thursday released a set of governance recommendations meant to encourage long-term economic growth, an unusual step that drew mixed reviews from advocates of deeper corporate reforms. Backers of the principles included well-known chief executives Jamie Dimon of JPMorgan Chase& Co, Jeff...
In a series of meetings, titans of business and finance grappled with what they see as a problem of too much money going and staying private.
Wells already pays its lowest ranking employees $12 to 16.50 an hour, Chief Financial Officer John Shrewsberry said in an interview. "We started looking at our entry-level workforce a couple of years ago and have gotten already to the, call it, $12- 16.50 range," said Shrewsberry. Citigroup Inc pays U.S. tellers an average of more than $15.50 an hour, with new and junior...
Auto debt recently eclipsed the $1 trillion mark but big banks are cranking out more and more auto loans.
Fresh off its latest quarterly earnings, JPMorgan may be struggling to earn its keep, Breakingviews reports.
CNBC's Kayla Tausche discusses J.P. Morgan beating earning expectations, $1.55 vs. the $1.43 EPS estimate.
CNBC's Kayla Tausche reports on JPMorgan's earnings report, in which CEO Jamie Dimon addressed the potential post-Brexit impact which remains to be seen.
"JPMorgan Chase continued to perform well in all of our major businesses," says CEO Jamie Dimon.
The bank's earnings report reveals a new trend for Wall Street, and the continuation of an old theme.
CNBC's Kayla Tausche has the update from JPMorgan's conference call after the banking giant beat quarterly estimates.
David Hilder, Drexel Hamilton breaks down the big banks quarterly results.
NEW YORK— JPMorgan Chase& Co. reported solid second-quarter earnings Thursday as trading revenue jumped. In a sign that the U.S. economy continues to improve, JPMorgan noticeably expanded its loan portfolio in the quarter as a response to increasing demand from both consumers and businesses. "JPMorgan Chase continued to perform well in all of our major...
JPMorgan reports EPS of $1.55 vs. $1.43 estimate on revenues of $25.214 billion versus $24.164 billion estimate.
John Kanas discussed JPMorgan's wage hike and the current state of wages for financial institutions.
CNBC's Bob Pisani looks at the day's market action including looking ahead to JPMorgan earnings on Friday.
By paying employees more, Jamie Dimon ensures that JPMorgan is considering value beyond shareholders' needs, says BreakingViews' Jeffrey Goldfarb.
The wage increase at the United States' largest bank will be from a current floor of $10.15 an hour to a range of $12 to $16.50 an hour, Chief Executive Jamie Dimon wrote in an op-ed article in the New York Times. A movement called Fight for $15 has rallied protests among workers demanding a $15 an hour national minimum wage. California this year decided to raise its...
Steve Odland, Committee for Economic Development of the Conference Board President & CEO, thinks JPMorgan's wage hike move will help retention, and discusses why other companies don't do this.
JPMorgan Chase CEO Jamie Dimon's public commitment to raise wages for 18,000 employees may seem like a benevolent act. But that may not be quite right.
JPMorgan Chase CEO Jamie Dimon says the bank will increase pay for 18-thousand lower-tier employees.