Daniel Taub

JPMorgan Eclipses Meta’s Market Value for First Time Since 2015

Wall Street leaders have spent the past decade making the case that they’re really running technology companies -- and that their stocks should fetch lofty Silicon Valley valuations. Suddenly, being...

Wall Street Expands Workforces Even as CEOs Talk of Cutbacks

The biggest US banks keep adding to their workforces even as executives from Wall Street firms Goldman Sachs Group Inc. and Morgan Stanley talk of scaling back amid a slump in dealmaking and capital...

Morgan Stanley CEO Hints at Job Cuts With Headcount Under Review

Morgan Stanley Chief Executive Officer James Gorman suggested job cuts might be coming as senior executives assess headcount at the Wall Street firm.

CFA Level I Pass Rate Declines to 37% as Candidates Reschedule Exam

Princeton to Get New Hotel in College Town With a Room Shortage

Many Princeton University alumni revel in returning to campus for the likes of homecoming and reunions. But with so few hotels near the New Jersey school, finding a place to stay can prove a daunting...

James Dyson’s Tech Firm Pays £1 Billion Dividend in Wealth Shift

The cash dividend is Singapore-based Weybourne Holdings’s largest ever.

JPMorgan Chase Is Phasing Out Safe Deposit Boxes

JPMorgan Chase & Co. is starting to phase out an offering far more associated with old-fashioned bank branches than today’s smartphone apps: safe deposit boxes.

Ian Aftermath Even Harder to Fix With Supply Chain Tattered

The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains.

Scotiabank’s CEO Pick Spurs Debate Over Whether Changes Loom

Bank of Nova Scotia’s surprise pick of a CEO from outside its executive ranks is sparking a debate over whether major changes will result at Canada’s third-largest lender, whose shares have underpe...

BMO Misses Estimates as Investment-Banking Fees Hit by Slowdown

Bank of Montreal became another victim of the slowdown in capital markets last quarter, as a slump in equity and debt issuances reduced investment-banking fees.

Interest-Rate Hikes May Trigger Bigger Bills on 80,000 Mortgages, RBC Says

Royal Bank of Canada said interest-rate hikes may trigger higher monthly payments for about 80,000 customers with variable-rate mortgages.

RBC Profit Hit by Dealmaking Slump, Souring Economic Outlook

Royal Bank of Canada’s profit took a hit last quarter as a slump in investment-banking activity took a toll on revenue and a deteriorating economic outlook prompted higher-than-expected provisions...

Scotiabank International Unit Hits Setback With Revenue Miss

Bank of Nova Scotia’s years-long turnaround of its Latin America-focused international unit faced a setback last quarter as the division’s lending margins contracted and non-interest revenue slipped.

Buffett’s Berkshire Hathaway Seeks to Buy as Much as 50% of Occidental

Warren Buffett’s Berkshire Hathaway Inc. won approval from US regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months snapping up its shares. Occidental’s stock had its...

Crush of College Leaders Retiring at Once Spurs Search Challenge

Royal Bank of Canada Asks Workers to Come to the Office More

Royal Bank of Canada is asking employees to come to the office more often, an early sign that the country’s big banks may follow their US rivals in cutting back on remote work.