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Green Dot joins corporate exodus from California as fintech firm moves to Austin

Packages containing a Green Dot Corp. prepaid Mastercard Inc. debit card and Visa Inc. debit card, left, are arranged for a photograph in Washington, D.C., U.S., on Thursday, Feb. 15, 2018.Andrew Harrer | Bloomberg | Getty ImagesAnother corporation is leaving California.Green Dot, a fintech firm and biggest U.S. provider

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Goldman Sachs internal memo unveils new cryptocurrency trading team

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange.Brendan McDermid | ReutersGoldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street.The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded

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Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo.STR | NurPhoto | Getty ImagesBitcoin may be taking another step towards mainstream adoption, CNBC has learned.For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through

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Jamie Dimon, fed up with Zoom calls and remote work, says commuting to offices will make a comeback

Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.Adam Galica | CNBCJamie Dimon is no fan of the new remote work structure that has taken hold during the coronavirus pandemic.The JPMorgan Chase chairman and CEO has already told his

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The market for shares of pre-IPO giants is surging. This company is reaping the rewards

The surging fortunes of a generation of giant start-ups like Robinhood and Chime has sparked a race to create the biggest marketplace to trade shares of private companies.One company with an early lead appears to be Forge, a San Francisco-based start-up originally backed by noted technology investors such as

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Robinhood deepens ties with JPMorgan by using bank for money transfers ahead of expected IPO

Avishek Das | LightRocket | Getty ImagesRobinhood, the free-trading app that helped drive a surge in retail investing during the pandemic, has switched to using JPMorgan Chase to handle crucial money transfers into customers' accounts.The start-up emailed customers this week to say that it is now using JPMorgan, the

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JPMorgan Chase tells U.S. employees they are expected back to the office on a rotating basis by July

The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York.Tim Clayton - Corbis | Corbis Sport | Getty ImagesJPMorgan Chase is summoning its U.S. employees back to the office, at least on a part-time basis.The biggest U.S. bank by assets

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Digital bank Current triples valuation in five months to $2.2 billion after Andreessen takes stake

Digital bank Current app and credit cardSource: CurrentCurrent, a digital banking start-up that has gained momentum during the pandemic, has tripled its valuation to $2.2 billion just five months after its previous fundraising round, CNBC has learned.The company raised $220 million in a Series D led by new investor

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Jamie Dimon says `justice was served’ after Derek Chauvin found guilty for murder of George Floyd

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC's Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.Adam Galica | CNBCJPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served” after a jury found ex- Minneapolis police officer Derek Chauvin guilty

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Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner’

Citigroup CEO Jane Fraser said she decided to exit the bank's retail operations in 13 countries outside the U.S. to improve returns.One of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup's returns closer to those of peers including

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