According to people who know the situation, Goldman Sachs traders and salespeople will have to contend with a bonus pool that’s at least 10% smaller than last year, despite producing more revenue this year. Consequently, the New York-based bank is experiencing a slowdown in most of its other busin...

Despite rising recession fears, Berkshire Hathaway posted a strong third-quarter profit on Saturday, and Warren Buffett continued to buy back stock at a modest pace. The operating earnings of the Omaha-based conglomerate – which include profits from the many businesses owned by the conglomerat...

As Wall Street grapples with sharp declines in revenue and dimming prospects for next year, Citigroup and Barclays have cut advisory and trading personnel this week. New York-based Citigroup laid off approximately 50 trading personnel this week, according to individuals with knowledge of the layoffs...

The Federal Reserve’s Vice Chair, Lael Brainard, stressed on Friday the importance of addressing inflation and not abandoning the task until it has been accomplished. “Monetary policy will need to be restrictive for some time to have confidence that inflation is moving back to target,” the...

As the Federal Reserve aggressively tightens monetary policy due to a tight labor market, Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon anticipate a U.S. recession. During a panel discussion at the Future Initiative Investment conference in Riyadh, Saudi Arabia, on Tuesday, Solomon st...

As part of its efforts to attract customers to its no-overdraft checking account, JPMorgan Chase is giving some clients early access to their direct deposits, a feature popularized by fintech competitors. According to Ryan MacDonald, Chase’s head of growth financial products, the bank will int...

A conventional belief among stock bulls is that prices will rise when the Federal Reserve defeats inflation. It is possible, however, that another round of bad news may be unleashed as a result of the end of surging consumer costs. In recent months, a small chorus of researchers has warned that the ...