Morgan Stanley to cut jobs; big banks making progress on replacing Libor


The Wall Street bank to shed 1,500 spots ahead of an uncertain 2020; smaller and regional banks are lagging behind but expect to increase their focus next year


Goldman's small world; Bitcoin’s woes go beyond price


The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.


Don't misread restructurings and layoffs as a sign of weakness


In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.


Will the fintech bubble burst?; banks using customer data for retail offers


The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.


Fidelity wins crypto custody charter; HSBC plans restructuring


The charter may provide greater confidence for digital currency investors; bank expects to make large-scale job cuts in its global banking and markets unit.


Citi consumer unit in good shape; Wells' layoffs


Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months.


OCC loses fintech charter case; Zuckerberg to defend Libra


A federal judge says the agency can’t issue national bank charters to fintechs; Facebook’s CEO will state his case at a House hearing.


Huntington will lay off 150 to 200 workers


The Ohio company, scheduled to report third-quarter results Thursday, blamed the decision on the squeeze interest rates are putting on revenue.


House passes offshoring bill inspired by Wells Fargo layoffs


The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.


HSBC to cut up to 10,000 Jobs to slash costs: Report


Europe would feel the brunt of the reductions, which would affect about 4% of the bank's global workforce.