Wednesday, January 19, 2022
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Stock futures are flat after sell-off on Wall Street, more bank earnings ahead

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022.Brendan McDermid | ReutersU.S. stock futures were steady in overnight trading on Tuesday following a sell-off on Wall Street triggered by surging bond yields.Dow futures rose just 30 points. S&P

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Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses

People walk along Wall Street in the rain on July 08, 2021 in New York City.Spencer Platt | Getty ImagesWall Street firms are playing catch up with employee compensation, boosting pay in the second year of a deal-making and trading boom.That's what Goldman Sachs CEO David Solomon conceded on

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Goldman shares drop after earnings miss estimates on surging expenses, equities trading slowdown

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, April 29, 2019Mike Blake | ReutersGoldman Sachs on Tuesday posted fourth-quarter profit below analysts' expectations as the bank's operating expenses surged 23% on higher pay for Wall Street

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U.S. stock futures are little changed ahead of more earnings reports

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022.Brendan McDermid | ReutersU.S. stock futures were little changed Monday night as traders braced for the latest batch of corporate earnings reports.Futures tied to the Dow Jones Industrial Average ticked higher by

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Credit Suisse needs to salvage reputation after chairman quits in latest scandal, analysts say

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021.Arnd Wiegmann | ReutersLONDON — Credit Suisse Chairman Antonio Horta-Osorio resigned on Sunday after violating Covid-19 quarantine rules, the latest in a series of high-profile scandals that have rocked the Swiss bank

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Wage inflation has arrived in a big way and Jamie Dimon says CEOs ‘shouldn’t be crybabies about it’

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.Brian Snyder | ReutersBanks have been one of the main beneficiaries of high inflation recently because their profit margins tend to expand when higher prices force central banks to

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Wells Fargo shares rise 2% as fourth-quarter revenue tops estimate

Wells Fargo signage on May 5th, 2021 in New York City.Bill Tompkins | Michael Ochs Archives | Getty ImagesWells Fargo shares rose on Friday after the bank posted quarterly revenue that exceeded analysts' expectations and a significant jump in profit.Shares of the bank climbed more than 2% in premarket trading

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JPMorgan shares pull back by 3% even after fourth-quarter profit tops estimates

JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.Brian Snyder | ReutersJPMorgan Chase posted profit that exceeded analysts' expectations on a benefit from better-than-expected credit losses and as loan growth returned to parts

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Crypto exchange Gemini pushes into wealth management with acquisition of BITRIA

David Abner, Gemini's Global Head of Business Development.Source: David AbnerGemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively.The company has agreed to purchase BITRIA, a five-year-old San Francisco-based start-up whose tools help

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