Big businesses donate to both political parties and say their support is tied to narrow issues of specific interest to their industries. Now, a flurry of companies are reviewing their giving practices.
The decision follows pressure from some US lawmakers, who last week urged big banks to stop using funds to repurchase shares and instead support customers and the broader economy.
JPMorgan CEO Jamie Dimon recovering after emergency heart surgery; two deputies take over his charge
JPMorgan Chase & Co CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank said
'No one has a playbook for this': US companies highlight challenges faced by workplaces in countering coronavirus
Microsoft, Amazon, Ford Motor, CNN, Citigroup and Twitter have put employees through work-from-home drills, dusted off emergency-response plans and ordered increasingly stringent safety measures to protect their workers
Aramco has said it plans to float around five percent of the state-owned company in 2020 or 2021
Fed gives banks more stress test information, unveils 2019 scenarios; exempts less complex lenders from drive
Thirty-four lenders passed the stress test last year, while Goldman Sachs and Morgan Stanley received conditional approvals that limited their capital distributions.
Govt appoints ISB professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years
The post of CEA had been lying vacant since Arvind Subramanian left the finance ministry after a four-year stint earlier this year.
Amazon also announced it was increasing the price of an annual US Prime membership to $119 from $99 starting May 11.
Buffett’s comments come a day after JPMorgan & Chase Chief Executive Jamie Dimon said he regrets calling bitcoin a fraud.
Futures are cash-settled contracts based on the auction price of bitcoin in dollars on the Gemini Exchange, owned and operated by currency entrepreneurs.
JPMorgan and Citi to not immediately clear bitcoin trades for clients once future contract tradings begin next week
Goldman Sachs Group Inc on Thursday said it is planning to clear bitcoin futures for some clients as the new contracts go live.
The CEO of JPMorgan Chase has called bitcoin a “fraud,” as it is not based on anything other than software code and is not backed by any monetary authority.
Bitcoin is a digital currency that enables individuals to transfer value to each other and pay for goods and services by-passing banks and the mainstream financial system.
By the end of December some U.S. bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone and online banking apps as the financial industry tries to catch up to technology company rivals, such as Venmo.
U.S. photo-sharing app Snapchat has chosen Morgan Stanley and Goldman Sachs Group Inc as lead underwriters for an initial public offering that could come as early as March, a source familiar with the situation said on Wednesday.
JPMorgan Chase customers will soon be able to withdraw cash or initiate other transactions using their cellphone at Chase ATMs being upgraded later this year.
A computer breach at JPMorgan Chase & Co earlier this year could have been avoided if the bank had installed a simple security fix to an overlooked server in its network, the New York Times reported, citing people briefed on investigations.
The settlement was announced Friday and includes 21 major institutional investors.
JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs - and it may need it all.<br /><br />