Finance

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

Bank of America is raising the minimum wage for employees this year and plans to hike it to $20 an hour in two years.

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.

Apple is working with Goldman Sachs and Mastercard to launch a credit card that could pose a threat to fintech companies and regional banks.

The advent of peer-to-peer payment platforms like Venmo helped popularize the “pushing” of payments in real time over the systems of Visa and Mastercard. Increasingly, tech-savvy companies are using push payments to get money to users in minutes.

Popular online stock-trading platform Robinhood is offering checkings and savings accounts that pay 3% interest on a daily basis.

Banks have been fighting to entice big spenders to use their credit cards for years. Now, Citigroup is joining the fray with a card that more heavily incentivizes users to funnel all of their dining and air travel purchases through it.

J.P. Morgan Chase CEO Jamie Dimon made some interesting comments on today’s political affairs, even though he’s said publicly he won’t run for president and is committed to head the bank for the next five years.

Rick Rieder runs fixed income investing for BlackRock, but lately he is a big believer in stocks. Persistently low interest rates, weak inflation and a lack of supply relative to demand for bonds leaves Rieder advocating for equities rather than the fixed income market. Rieder is chief investment officer for fixed income at BlackRock, which …

Credit ratings agencies are going to have to get used to a new regulatory regime in the wake of the Equifax consumer data hack, a top Washington regulator said Wednesday.

Berkshire Hathaway is the largest IBM stakeholder, with 81.2 million shares worth about 8.6 percent of total shares outstanding.

Goldman Sachs’ stunning first-quarter profit disappointment immediately set off some serious head-scratching on Wall Street.

Regulations designed to prevent another financial crisis have not discouraged banks from lending, Steven Eisman tells CNBC.

Rising yields in the United States could make it harder for Beijing to keep managing its tremendous debt problem.

U.S. companies are parking trillions overseas, with little progress from policymakers trying to bring all that money home.