bank of america

Housing market won't come 'unstuck' until 2026, economists predict — here's why

The economists cited a "one-time shift" in demand duringThe economists said they predict home prices will rise by about 4.5% in 2024 and 5% in 2025, then fall back to...

Wall Street bankers, lawyers losing out on hundreds of millions in fees after Paramount's scrapped merger: sources

Wall Street bankers and white-shoe law firms are losing out on hundreds of millions of dollars in fees after Shari Redstone this week made a last-minute decision to scrap plans...

100-hour weeks and heart palpitations — Inside Wall Street's brutal work culture

The tragic deaths of two Bank of America employees has become a flashpoint for anger over allegedly unrealistic work expectations on Wall Street.

25-year-old Bank of America trader dies — two weeks after death of 35-year-old banker who worked 100 hours a week

“The death of our teammate is a tragedy, and we are shocked by the sudden loss of a popular, young colleague," a spokesman for Bank of America told The Post.

Wall Street banker and former soldier dead at 35 wanted new job over grueling 100-hour work weeks

Leo Lukenas reportedly contacted an executive recruiter about a new job before he died on May 2 of what the medical examiners called an acute coronary artery thrombus.

Banker's sudden death at 35 ignites firestorm over alleged grueling 100-hour workweeks

Many on Wall Street are quick to link his passing to a culture they believe values wealth over wellbeing.

Goldman Sachs shareholders reject pressure to split David Solomon's CEO, chair roles

At Goldman's annual shareholder meeting, the proposal by the conservative-leaning National Legal and Policy Center garnered 33% of shareholder votes, according to a preliminary tally, compared with 16% last year.

Citi to lay off 430 employees in New York across different divisions

Citigroup will lay off 430 employees across different divisions in New York, the bank disclosed in filings with the State Department of Labor on Monday.

Reddit prices IPO at top of indicated range to raise $748 million

Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share Wednesday raising $748 million and giving the IPO market...

Bank CEOs celebrate pay raises while junior bankers face another year of stingy bonuses

Bank bosses enjoyed pay hikes in 2023, while rank-and-file workers were handed another year of stingy bonuses, according to this week's round of earnings. Nowhere was that more evident than...

JPMorgan posts record profits for 2023 despite fourth-quarter hit

JPMorgan Chase's total net income for the year came in at $49.6 billion, the most ever in the history of American banking.

Wall Street banks propel Dallas to second behind NYC in number of finance workers

There'e big dollars flowing into Big D.

Major US banks slammed with deposit delays

Bank of America, Wells Fargo, Chase are among the banks affected by the deposit processing issue.

Where is the CEO outrage during the ongoing war between Israel and Palestine?

Pro-Israeli supporters confront people attending a demonstration to express solidarity with Palestinians in Gaza.

Neiman Marcus in talks to merge with luxury archrival Saks Fifth Avenue: sources

“Neiman’s just had its worst fiscal year since its bankruptcy.”

Christian non-profit claims Bank of America 'debanked' them over religious discrimination

The ministry -- which believes in pro-life values and that marriage is between one man and one woman -- has reportedly maintained two accounts with the bank since 2015.

Massachusetts men caught red-handed trying to steal Bank of America ATM

The two men had fastened a chain onto the drive-up ATM and were attempting to tear it away, police said. 

Profits at Wall Street's major banks tank on weak trading, dealmaking

Morgan Stanley's second-quarter earnings tanked 13% year-over-year, beating analysts' scanty estimates as dealmaking has dried up on Wall Street.

Bank of America fined $250M over junk fees, withholding credit card perks and creating fake accounts

Bank of America reaped hundreds of millions of dollars by charging multiple fees to customers who did not have enough funds in their accounts from February 2018 until February 2022, the CFPB said.

Woman throws Molotov cocktail into bank after waiting ‘too long': Gonna 'blow this bitch up'

A California woman yelled "I'm going to blow this bitch up" before throwing a Molotov cocktail into the bank.