JPMorgan joins firms sued over cash sweeps
The megabank is accused of acting as “double agent” for using uninvested cash in advisory accounts to boost its bottom line rather than benefit clients.
Texas Capital cuts workforce, sells securities in push to meet 2025 goals
The Dallas company, which has been in transformation mode for three years, recently took a series of actions to try to meet the profitability targets it set for itself.
JPMorgan Chase said to be investigating TikTok check fraudsters
A company spokesperson said the company reviews fraud-related issues and refers them to law enforcement "as appropriate."
Massachusetts fines Morgan Stanley over trades by ex-First Republic CEO
Morgan Stanley will have to pay $2 million for failing to flag trading in First Republic Bank by its former CEO. The transactions happened in the lead-up to the regional bank's collapse.