American Express Sees Layoffs Yielding More Cash
American Express said today that it will lay off 10% of its workforce. By our analysis, American Express is not...
JJ started the first iteration of Bank Innovation back in 2007, and has been working on it ever since. He also serves as President & Chief Executive Officer of Royal Media, Bank Innovation’s parent. He founded Royal in 1995 and oversees all aspects of the New York-based information company. Prior to forming Royal, JJ was on the editorial staff of American Banker, the daily newspaper, and worked as an editor of a business magazine in Hong Kong. As a reporter and editor, he has won journalism awards from the National Press Foundation, Newsletter & Electronic Publishers Foundation, and the Reader’s Digest Foundation. He has a BS in Economics from Yeshiva University and a Master’s from the Columbia University Graduate School of Journalism. He lives in New York City with his wife, two daughters, and son. He counts among his accomplishments one New York City Marathon, two New York City Triathlons and the 2010 Father’s Day 5K, the first race he ever ran with his daughters.
American Express said today that it will lay off 10% of its workforce. By our analysis, American Express is not...
The Federal Open Market Committee of the Federal Reserve Board today lower its target for the federal funds rate 50...
Banking stocks soared today as the Dow Jones Industrial Average rebounded mightily, adding 10.88% to 9,065.12. The KBW Bank Index...
Zions Bancorporation, Umpqua Holdings Corp., and Marshall & Ilsley Corp. today announced that they too have taken on investments by...
The Treasury Department reportedly signed deals to invest in 17 banks, mainly super-regionals, with Troubled Asset Recovery Program funds. The...
Kenneth Lewis, the chief executive of Bank of America Corp., will receive the 2008 Banker of the Year award from...
PNC Financial Services Group Inc. will provide in-store branches and ATMs to Giant supermarkets throughout Virginia, Maryland, Delaware and Washington,...
What opportunity does the Treasury Department's TARP recapitalization program offer to investment banks? On the surface, it would seem that...
Most banks have still not decided whether to participate in the Treasury Department's recapitalization program, according to a cursory BankInnovation.net...
The TED spread, a mark of willingness to lend in the credit markets, has fallen below 200 today. The 19.2%...
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