Crisis: US Banks Are Now Cutting 3,000 Roles Globally
US banks are now cutting 3,000 roles globally across most of its key divisions. JPMorgan Chase, Morgan Stanley, and more. Banking news.
Hundreds of Bank Employees Are Being Let Go Quick
Hundreds of Silicon Valley bank employees are being let go quick. Morgan Stanley, Citigroup, Goldman Sachs join the bandwagon.
Goldman Sachs Fined $15 Million for Swap Violations
Goldman Sachs has been fined with $15 million for failing to make proper disclosures and communicate fairly to swap customers.
Goldman Sachs Marked Short Sales as ‘Long’ for Three Years
Goldman Sachs mismarked around 60 million short sale orders as long for three years. FINRA fined the bank only $3 million for the fraud.
Credit Suisse Was Bailed but Clients Keep Pulling Out Money
Credit Suisse was bailed out but clients continue to pull out money. The bank was given a lifeline but trust has been broken.