Bank
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Economy
Easy to Use, Mobile Payment Apps Are Also Easy to Misuse
While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance,…
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Economy
Goldman Sachs Slashes C.E.O.’s Pay After Bank’s Poor Performance
David M. Solomon earned $25 million in 2022, still a hefty sum but 30 percent lower than a year earlier.
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Economy
Goldman’s Pitch to the Little Guy Turns Costly, as Struggles Mount
Goldman Sachs will take a big hit from its ill-fated move into consumer banking, even as its other businesses weaken…
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Economy
JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms
The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was…
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Economy
The S.E.C.’s Crypto Crackdown Intensifies
The agency has charged the crypto trading firms Genesis Global Capital and Gemini with operating an illegal lending service that…
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Economy
Fed President Backs Slowdown as Support Mounts for Smaller Rate Move
Susan M. Collins, president of the Federal Reserve Bank of Boston, said she was leaning toward a quarter-point move at…
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Economy
Big Cuts are Coming to Goldman Sachs
Chief executive David Solomon has given the task of determining which divisions will be affected to a chief lieutenant.
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Economy
Goldman Sachs Begins Large Round of Layoffs
The investment bank plans to cut up to 3,200 jobs, or roughly 6 percent of its work force, as it…
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Economy
Powell Says Fed ‘Will Not Be’ a Climate Policymaker
In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected…
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Economy
The Week in Business: Slowing Job Growth
Credit...Giulio BonaseraWhat’s Up? (Jan. 1-7) A Cooling Jobs Market After many consecutive months of jobs reports showing strong gains, new…