JPMorgan Chase sued after employee allegedly told to keep ‘gay job’ separate from work
The suit alleges JPMorgan CEO Jamie Dimon once joked he “could be 17% gay”—and that the bank then forced out a gay employee who led its LGBTQ employee group.
Banking
Why international banking hub Switzerland is also a billionaire haven
Long regarded as a financial sanctuary for the wealthy, billionaires these days come from more than a dozen countries and hold fortunes in everything from pharmaceuticals and kitchen appliances to private equity and jewelry.
Shemara Wikramanayake steps down as Macquarie CEO
Macquarie head of banking and infrastructure Greg Ward will in November take the reins from Wikramanayake, who has led the bank for eight years. Key Takeaways Key Background Wikramanayake is a Macquarie lifer, having joined the Millionaire’s Factory in 1987 – just two years after Macquarie Bank was spun out of UK firm Hill Samuel. […]
The UK’s $100 billion fintech disruptor takes aim at Australia’s big four banks
Revolut, a UK fintech last valued at US$75 billion ($104 billion), has been approved to operate banking services in Australia. It plans to spend “nearly” $400 million to win over the local market.
Exclusive: The Inside story of Chime, America’s biggest digital bank
As he looks towards a possible 2025 IPO, CEO Chris Britt opens up about his own history and Chime’s current business and future. Could Washington stomp on his plans?
These 8 Australian banks made Forbes World’s Best list for 2024
We’ve all heard of Australia’s Big Four banks. But what banks are best from a customer’s perspective? We bring you the top 8, as judged by Australians who ranked banks on digital services, fees, rates, and trustworthiness.
Aussie AI platform powering bank lending raises $28 million
AI decisioning platform, Rich Data Co, has banked $28 million in a Series B funding round led by Westpac and US cloud banking software firm nCino.
Credit Suisse shares plunge 60% and European bank stocks slide after UBS rescue
Oil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend.
UBS to buy Credit Suisse in US$3.2 billion rescue deal to end crisis
The government-brokered deal aims to prevent turmoil at Credit Suisse—worsened by two massive U.S. bank failures last week—from spiralling into a larger banking crisis.
Only the ‘first domino to drop’: Grim warning in wake of SVB collapse
US bank stocks shed tens of billions of dollars in market value as their nightmarish week continues.