The announcement took Piepszak out of the running in the closely-watched JPMorgan succession race. For a few years, the former firm CFO had served as co-CEO of consumer and commun
The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate
Investors are coming off a strong session after a moderate improvement in core inflation in December’s consumer price index spurred a risk-on rally.
Scott Bessent, President-elect Trump's pick for Treasury Secretary, has pledged to ensure the dollar remains the world's reserve currency. In prepared Senate testimony Bessent emphasised the need for productive investments to usher in a "new economic golden age,
JPMorgan Chase is scheduled to report earnings before the opening bell Wednesday, kicking off a stretch of earnings reports as America's largest financial institutions wrap up their 2024s.
The bank’s departure from the Net Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
The proposal sparked fierce opposition from the largest financial firms, including JPMorgan Chase, and was sharply criticized by Senate Republicans. During last year's presidential campaign ...
· 21h
Meet Trump’s leading pick to oversee Wall Street regulation at the Fed
Fed Should Stay Independent, Trump's Pick for US Treasury Secty Says
The Federal Reserve should stay independent, Trump's pick to be U.S. Treasury Secretary told a Senate panel on Thursday. "I think on monetary policy decisions, the FOMC should be independent," Scott Bessent told the U.
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Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil
There will be many moving parts for the U.S. economy and for financial markets as the second Trump administration makes its mark on regulation and trade policies. One of Trump's consistent opinions has been that a weaker dollar is good for the U.S. economy because it can boost exports.
Doug Petno, Troy Rohrbaugh and Marianne Lake are the three top contenders to succeed JPMorgan Chase CEO Jamie Dimon, according to a report.
The departure announcements of possible CEO successors at both BlackRock and JPMorgan Chase are the latest reminders that CEO transitions are anything but simple, experts say, especially when it comes to the world’s top finance jobs.
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