Executives of Citigroup Inc have warned, the bank faces billions of dollars in losses from its Russian business even as it continues to help some of its 200 staff in Ukraine to leave the country. Towards the end of last year,… Read More ›
Investor Day
GM opens battery cell development center in Michigan, aims to hammer down cost of batteries by 60%
In a statement General Motors Co said, it will open a battery cell development center in Michigan in an effort to bring down the cost of lithium ion and solid state batteries and boost the driving range of electric vehicles. The… Read More ›
New York-area based banks gear up coronavirus preparations
Financial firms in New York City are already testing work-from-home capabilities, implementing travel restrictions and canceling or modifying upcoming events even as China’s coronavirus, which landed on the finance capital’s doorstep, showed little signs of abating. Grand Central Station headquartered… Read More ›
JPMorgan Chase & Co to unveil climate initiatives at Investors Day today
On Tuesday, executives from JPMorgan Chase & Co plan on announcing new climate-change initiatives, which includes restrictions on drilling in the artic and financing coal mining projects along with a $200 billion target to provide financing for sustainable projects. JPMorgan… Read More ›
Credit Suisse to write-down $2.3 billion due to changes in U.S. tax law
The Swiss banking giant stated it will provide a more detailed report on the impact of the U.S tax bill on its operations in its fourth quarter report, scheduled to be published on Feb. 14. Swiss banking giant Credit Suisse… Read More ›
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