An unknown executive of a low-key company is the highest paid CEO in the US
Coherent chief James Anderson’s compensation amounted to $101.5 million in 2024 despite holding the job for less than a month that fiscal year
Profits of large US banks soar, but there are warning signs
The surge of investment banking fees and capital gains compensated for the lower margin of traditional business and the increase in costs
The payment of more interest on deposits hurts the bottom line of large US banks
The profit of the six main entities falls 3% in the first quarter despite the improvement in the investment banking business
US regional banks, the weakest link a year after the fall of Silicon Valley Bank
Concerns have shifted to exposure to commercial real estate credit. The IMF estimates that vulnerable lenders have $5.5 trillion in assets, 23% of the total
Washington turns to Wall Street to help rescue dying bank
The anxiety this week centered on First Republic Bank in San Francisco, which was once the envy of the banking sector, with its wealthy and well-traveled clientele
Jamie Dimon, the world’s most powerful banker: ‘Things can get much worse. We are facing very serious problems’
He has helmed JPMorgan Chase for 16 years and is the only major bank chief to have survived the 2008 financial crisis. Now he is warning people to brace themselves for what may come