According to Richard Thaler, "Warren Buffett says a lot of smart things."
NEW YORK— Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will give way to David Solomon, a long-time Goldman executive who has been considered Blankfein's chosen successor since earlier this year.
After 12 years with Lloyd Blankfein at the helm, Goldman names a successor.
Goldman Sachs will name president, David M. Solomon, to succeed Lloyd C. Blankfein as its next chief executive on Tuesday, sources familiar with the situation said.
NEW YORK, July 13- Second-quarter earnings reports from three of the biggest U.S. banks on Friday showed the sector is benefiting from policy changes in Washington that have lowered their taxes, boosted interest rates and allowed them to buy back more stock. "With the tariffs, there's this element of uncertainty and people aren't anxious to take loans at a time...
July 13- JPMorgan Chase& Co's quarterly profit topped Wall Street's expectations on Friday, driven by much higher-than-expected trading revenue and increased loan demand. Trading got a boost from increased volatility in the wake of escalating trade tensions between the United States and China. JPMorgan's income rose to $8.32 billion, or $2.29 per share, in...
NEW YORK— JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank by assets and revenue continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law. JPMorgan said Friday that it earned $8.32 billion in the first quarter, or $2.29 a share, up...
Marty Mosby, Vining Sparks director of bank and equity strategies, breaks down J.P. Morgan quarterly results and provides his outlook on the banking sector.
The "Squawk Box" crew breaks down J.P. Morgan's quarterly numbers which posted earnings per share of $2.29 on revenues of $28.388 billion.
JPMorgan beats estimates on higher than expected trading results
Gawande has written and spoken extensively about inefficiencies in the current system. He will now be tasked with finding ways to fix them.
The New York-based cryptocurrency exchange hired Robert Cornish to build out its crypto platform.
LONDON, July 5- JPMorgan has asked "several dozen" employees to lead a first wave of relocations from Britain to continental Europe by early 2019, kicking off plans to protect its business post-Brexit, a memo to staff shows. In its first Brexit-related mass communication to its 16,000- strong workforce in the UK this year, JPMorgan highlights the organizational...
Terms of the deal were not disclosed. The companies expect the deal to close during the second half of the year.
Buffett made headlines in 2018 when be compared bitcoin to "rat poison." It wasn't the first time he's been critical of cryptocurrencies.
The benchmark 10-year Treasury note yield has peaked for 2018 as trade worries, weaker emerging markets and a strong dollar cap the prior move upward in rates, according to Morgan Stanley.
NEW YORK, June 20- Well-regarded surgeon and author Atul Gawande, a critic of his industry's medical practices, will lead the new company being formed by Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase& Co that aims to cut U.S. employee healthcare costs, the companies said on Wednesday. Gawande practices general and endocrine surgery at Brigham and...
Gawande soon will lead the most anticipated health-care company, a joint venture between three corporate titans: J.P. Morgan, Amazon and Berkshire Hathaway.
"The system is broken, and better is possible," says Gawande.
Dr. Atul Gawande will lead the joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway.