Bloomberg News

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JPMorgan Blames Staley For Epstein Ties, Demands Eight Years Of Pay

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JPMorgan accused him of vouching for the sex offender's character to keep him as a client.

Banks Are Finally Being Forced To Raise Rates On Deposits

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Deposits declined last year for first time since 1948.

Sotheby’s Pitches First Of Its Kind Offer Secured By Art Collections Of The Wealthy

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Sotheby’s, the auction house owned by French telecom billionaire Patrick Drahi, is pitching investors a first of its kind: a securitization of personal loans to the wealthy secured on their art...

BofA, JPMorgan Say European Rally Will Fizzle Out Soon

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A tightening money supply and a yield curve inversion point to a European recession, analysts said.

Tesla Recalls More Than 362,000 Cars To Fix 'Full Self-Driving' Crash Risk

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The system's errors “increase the risk of a collision if the driver does not intervene,” the filing said.

SEC Sues Over TerraUSD Stablecoin That Rocked Crypto

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The SEC alleged in federal court that Terraform Labs and Do Kwon offered and sold unregistered securities.

Bank Of America Plans Job Cuts In Its Investment Bank

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The number of reductions could affect less than 200 bankers globally.

Credit Suisse Exits Distressed-Debt Trading In Risk Pullback

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The bank is selling a book of assets including bond and loan positions related to distressed companies.

Credit Suisse Says Rogue Staffer Took Personnel, Salary Data

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The revelation comes as the bank tries to restore employee morale following a series of losses and oversight lapses.

El-Erian, Rogoff Say It's Too Late To Fix Too-Low Inflation Target

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Both economists see higher rates for some time to come.

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