Hugh Son,’s Posts

Being a Goldman Sachs trader or banker is about to get less lucrative.

America is the richest country in the history of the world, but stagnant wages and lack of opportunity have left too many behind, J.P. Morgan Chase CEO Jamie Dimon said in his annual letter to shareholders Thursday.

The biggest bank says trading is off to a slow first quarter, especially compared to last year.

Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions in its wholesale payments business.