David Hollerith
David Hollerith is a senior reporter covering the cryptocurrency and stock markets. He previously earned his master’s degree from Columbia School of Journalism. Before that, he freelanced with Decrypt and worked for Bitcoin Magazine as a reporter and audio producer.
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JPMorgan just gave itself an $8 billion boost
An exchange of shares in Visa provides JPMorgan an unrealized gain of $8 billion, giving the nation's largest bank a shot to once again out-earn rivals during the second quarter.
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Robinhood gets new legal threat from SEC as crypto crackdown continues
Robinhood said it got an SEC warning that the trading platform could face an enforcement action related to its US crypto business.
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Coinbase first quarter profits surged above $1 billion on ETF frenzy
Coinbase posted its second consecutive quarterly profit as crypto trading surged during the first three months of 2024.
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NYCB CEO predicts a 'clear path to profitability' after disclosing first-quarter loss
Troubled regional lender New York Community Bancorp lost $327 million in the first quarter, but its stock soared as the CEO promised a 'clear path to profitability over the following two years.'
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Goldman's David Solomon defeats vote on CEO-chair split even as support for it increases
David Solomon defeated a proposal seeking to separate his roles as CEO and chairman of Goldman Sachs, but the measure received double the support it did in 2023.
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Wall Street bosses tested by calls to strip them of power
Some of Wall Street’s most powerful bosses are facing new shareholder proposals this spring that would strip them of power by separating CEO and chairman seats.
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Jamie Dimon is worried the US economy is headed back to the 1970s
JPMorgan's CEO is concerned the US economy could be in for a repeat of the stagflation that hampered the country during the 1970s.
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Goldman is getting out of the robo-advisory business
Goldman Sachs is exiting the robo-advisory business as it tries to scale back its ambitions and re-focus on core strengths.
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Jay Powell just made 2024 more of a puzzle for regional banks
Higher deposit costs are eating into profits of regional banks. That pressure is not likely to abate anytime soon as the Fed dials back its expectations for rate cuts in 2024.
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Wall Street says a Wall Street revival is finally here
Big bank bosses are not hiding their enthusiasm about Wall Street as first quarter jumps in investment banking spur new hopes for a sustained dealmaking revival.
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Wall Street surge lifts Morgan Stanley and new CEO Ted Pick
A Wall Street revival helped Morgan Stanley beat analyst expectations in the first quarter, giving a lift to new CEO Ted Pick.
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Bank of America profits drop as key lending revenue weakens
The results from the nation's second-largest lender offer the latest example of how even the biggest banks are increasingly challenged by high interest rates.
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Profits surge at Goldman Sachs on Wall Street revival
Profits rose 28% for Goldman during the first quarter as the Wall Street giant recorded improvements in everything from investment banking to trading to wealth management.
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High interest rates are getting more challenging for even the biggest banks
The results from JPMorgan, Wells Fargo, and Citigroup mark the start of earnings season for America's banks as investors watch for signs of how high interest rates are affecting lenders.
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Big bank profits likely fell in first quarter but investors don't seem worried
Profits at big banks are not expected to dazzle when first-quarter results are released in coming days, but investors are more focused on the rest of 2024.
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JPMorgan’s Jamie Dimon is worried about 'stickier inflation and higher rates'
JPMorgan Chase CEO Jamie Dimon used a 61-page shareholder letter to sound off on everything from inflation and bank regulators to global risks and management lessons.
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Banks are building more branches for the first time in a decade
US banks are finally building more branches after a decade of consolidation, looking for new ways to reach wealth management customers and expand without making risky acquisitions.
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Bank deposits are back above pre-SVB levels. Regional lenders still have problems.
Banks have now regained the deposits they lost following the collapse of Silicon Valley Bank, but that doesn't solve all challenges facing regional lenders.
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The pressure on Goldman CEO David Solomon is not letting up in 2024
Prominent proxy advisory firms are advising stockholders to cast votes this month that would limit the power and compensation of Goldman's CEO.
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Cash bonuses are down across Wall Street. But not for some top execs.
Bonuses fell across Wall Street during a challenging 2023, according to a new report, but some bosses were able to buck that trend.