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Apple's savings account upends traditional banking — or does it?

May 4, 2023
The accounts certainly look traditional, except they also come from a non-banking global brand.
An Apple logo is displayed at store in Shanghai on May 10, 2019.
Hector Retamal/AFP via Getty Images

Courts decide California can't mandate corporate board diversity

May 18, 2022
But institutional investors, consumers and other stakeholders could continue to hold companies accountable.
Despite California courts striking down laws requiring diversity in corporate board rooms, many companies continue to make progress.
Creative/Getty Images

Some big Wall Street banks reverse their back-to-office plans — again

Jan 3, 2022
They've been among the most aggressive employers when it comes to bringing workers back into face-to-face contact.
Despite investment banking companies' preference for in-person work, omicron has complicated the return-to-office plans of JPMorgan, Citigroup and Goldman Sachs.
Johannes Aisele/AFP via Getty Images

Goldman Sachs to invest billions in Black women

Mar 12, 2021
The firm says it wants to change the lives of "One Million Black Women," but that'll take more than a monetary investment.
Black women have disproportionately suffered during the pandemic, one reason Goldman Sachs decided to provide support.
Brendan Smialowski/AFP via Getty Images

Business leaders, groups denounce Trump after Capitol insurrection

The National Association of Manufacturers is among them, going so far as to call for President Trump's early removal from office.
Some of them were among Trump’s biggest supporters, and one influential business group is calling for Trump's early removal.
Tasos Katopodis/Getty Images

More optimistic about the recovery, big banks trim the reserves they set aside to cover bad loans

Oct 14, 2020
But if we're in for a double-dip recession, they'll need to set aside billions more than they currently have on hand.
Big banks, like JPMorgan Chase, are feeling more confident about the economic recovery after solid third quarter earnings.
Spencer Platt/Getty Images

Banks weigh in on what the 2020 presidential election might do to the stock market

Sep 25, 2020
Economists often look to previous elections to model upcoming ones, but 2020 continues to break the mold.
Goldman Sachs economists said in a note Thursday that worries are overblown — that there will be a victor on election night and in turn the markets will stay steady.
Chris Hondros/Getty Images

For public good, not for profit.

Goldman Sachs starts diverse board member policy for handling IPOs

Jul 1, 2020
The investment bank wants boards to include more people from chronically underrepresented groups.
Even with progress toward making boardrooms more diverse, women hold less than 18% of corporate board seats in the United States, according to Deloitte.
SDI Productions via Getty Images

Can a credit card be sexist?

Nov 11, 2019
It is alleged that the Apple Card offers higher credits to men than it does women — on that basis alone.
Jennifer Bailey, vice president of Apple Pay, speaks during an Apple product launch event at the Steve Jobs Theater at Apple Park on March 25 in Cupertino, California.
Michael Short/Getty Images

Bank earnings are way, waaay up. Here’s why.

Oct 16, 2018
Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click the audio player above to hear the full story.