Russian banks made a record $36.8 billion in profit last year, and even the central bank is surprised by it

Tech Insider : Economy, Politics, Economy
Russian President Vladimir Putin applauds.
Russian President Vladimir Putin.

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Why banks and consumer groups have become unlikely allies

Tech Insider
Jamie Dimon
JPMorgan CEO Jamie Dimon.

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Bank credit is shrinking for the first time since the Great Recession - and that's a red flag for the economy

Tech Insider : Economy, Economy
wall street
Contracting bank credit levels could be a sign a recession is coming.

Lucky-photographer/Shutterstock

Goldman Sachs posts an earnings beat as growth for its stock-trading business triples estimates

Tech Insider
David Solomon Goldman Sachs investor day 2023
Goldman Sachs CEO David Solomon.

Brendan McDermid/Reuters

Citi to cut about 20,000 jobs as it doubles down on its corporate overhaul

Tech Insider
citigroup CEO jane fraser
CEO Jane Fraser says the company had a "very disappointing" Q4 in 2023.

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Morgan Stanley's James Gorman rates himself an A-minus CEO but says he doesn't want to be the boss anymore

Tech Insider
James Gorman
Morgan Stanley CEO James Gorman

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Mortgage rates could fall below 5% next year, emboldening US consumers and allowing banks to 're-liquify,' Fundstrat's Tom Lee says

Tech Insider
Thomas Lee Tom Lee Fundstrat
Mortgage rates could fall as low as 4.75% next year, according to Fundstrat's head of research Tom Lee.

Brendan McDermid/Reuters

HENRYs are turning to a little-known and risky type of mortgage as home prices soar

Tech Insider : Economy, Economy
A FOR SALE sign is displayed outside a property on Madison Ave. in Toronto.
Interest-only mortgages were much more strictly regulated after the financial crisis, but now higher-income borrowers are turning to them as home prices stay high.

Lance McMillan/Getty Images

A New York City finance CEO explains why his company and all of its staff relocated to Miami

Tech Insider
miami
A New York-based finance CEO said "probably nothing" could convince him not to move to Miami in 2024.

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UBS sold a Credit Suisse private jet that was used by its ex-chair to fly to Wimbledon and the Euros, breaking COVID rules — and the Maldives for a family vacation

Tech Insider
Dassault's Falcon 7X jet is moved on the tarmac on June 12, 2015 three days before the opening of the International Paris Airshow at Le Bourget.
A Dassault Falcon 7X.

ERIC PIERMONT/AFP via Getty Images

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