Tim Leissner, the former Goldman Sachs Group Inc. banker who admitted his role in one of the largest financial frauds in history, is seeking a presidential pardon before he surrenders to a federal ...

Mergers and acquisitions, nonbank competition and digital assets are all factors shaping how banks will perform in the coming months. American Banker’s 2026 Predictions report was fielded online ...

Global central bankers defended U.S. Federal Reserve Chair Jerome Powell in a joint statement Tuesday. The group included the heads of the European Central Bank and Bank of England, among others.

The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States. By Eshe Nelson Reporting from London Central ...

Jan 10 (Reuters) - Elon Musk said on Saturday that social media platform X will open to the public its new algorithm, including all code for organic and advertising post recommendations, in seven days ...

Volatility in the banking industry has given rise to fears of a recession and stagflation in the U.S., and new data from American Banker finds that smaller institutions see themselves as the most ...

While the creation of this new entity marks a big step toward avoiding a U.S. ban, as well as easing trade and tech-related tensions between Washington and Beijing, there is still uncertainty ...

For years, Wells Fargo WFC1.05%increase; green up pointing triangle executives skeptical of building an investment bank touted a mantra of “kitchen tables, not league tables.” Now, under Chief ...

Instagram is introducing a new tool that lets you see and control your algorithm, starting with Reels, the company announced on Wednesday. The new tool, called “Your Algorithm,” lets you view the ...

More than 100 former investment bankers from JPMorgan Chase (NYSE:JPM), Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) have joined OpenAI's (OPENAI) secretive Project Mercury to help train AI ...

OpenAI has formed a new team of over 100 former investment bankers under a new initiative internally called “Project Mercury.” The project pays contractors, many of whom are former employees of ...

It might seem like a wonderful time to be an American investment bank. Over the past year, the country’s lenders have handed shareholders gains of 27%, far outstripping the 10% for other stocks ...