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FILE PHOTO: People walk past a HSBC signage in Singapore

HSBC tanks the most since 2017 after announcing a $7.2 billion overhaul charge

The bank's overhaul plan seeks to cut as many as 35,000 jobs through 2022 and shift focus from the US and Europe to Asian markets.

These are the 5 biggest bombshells from The New York Times’ report on Trump’s money and Deutsche Bank

While numerous banks viewed Trump's past bankruptcies as a sign to steer clear, Deutsche Bank used him and his business empire to rapidly grow.
Goldman Sachs CEO David Solomon speaks at the Vanity Fair New Establishment Summit

Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.

The bank has big consumer ambitions and is shedding its old-school image, and a slew of partners have headed for the exits.
Paul Constant.

‘Being poor in America is a full-time job’: The astronomical cost of banking while poor

Payday lending is a predatory industry that penalizes vulnerable Americans in exchange for huge profits. Here's how we can break this vicious cycle.

Goldman Sachs stresses that it decides who gets an Apple Card — after Apple’s snub that it was ‘created by Apple, not a bank’

"Whoever lays claim to the creation of the card, there's only one institution that's making underwriting decisions, and that's Goldman Sachs."

Morgan Stanley 4Q earnings smash Wall Street forecasts as revenue jumps across the board

The banking titan posted higher revenues across its institutional securities, wealth management, and investment management divisions.

JPMorgan CEO Jamie Dimon says he’s still 5 years from retirement — 2 years after saying the same thing

"When and if we ever set an actual retirement date, we'll let you know," Dimon said when asked on a media call following JPMorgan's earnings report.

JPMorgan’s 4Q earnings smash Wall Street’s targets

JPMorgan beat analysts' expectations as fixed income and equities fueled record revenues in its corporate and investment banking division.

A top Chinese banker confessed to taking bribes after $29 million in cash was found in his apartment

"I got the money and just left it there, just like making regular trips to the supermarket."

One investor bought shares of Bear Stearns days before its 2008 takeover — and he just broke even on the trade

Stephen Bearce has since made a few dollars from the trade, but he has no plans on selling and will hold the stock as a memento, he told The Journal.