jpmorgan – One America News Network

People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo

Wall Street job cuts loom as market turmoil stalls deals

U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.

Nvidia surpasses $3.6 trillion market value after Trump win

Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion.

Bank Of America, Wells Fargo And JPMorgan Investigated On Zelle Customer Funds, Scams

According to a Wall Street Journal piece published on Wednesday, the Consumer Financial Protection Bureau is probing how big U.S. banks have been managing their customers’ money on the peer-to-peer payments network Zelle.

Exclusive: Fed may tweak rule that could save biggest US banks billions

At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the “GSIB surcharge.”