BlackRock cutting 500 jobs or less than 3% of workforce
[ad_1] BlackRock Inc. on Wednesday added its name to the growing list of financial and other companies cutting jobs with plans to cut its workforce for the first time since…
Credit Acceptance shares tumble 12% after regulators sue, claim illegal subprime auto lending practices
[ad_1] Shares of subprime auto giant Credit Acceptance Corp CACC, -11.61% tumbled about 12% on Wednesday after New York Attorney General Letitia James and a key U.S. consumer watchdog sued…
Goldman sharpens knife on headcount, bonuses along with other big banks
[ad_1] Goldman Sachs Group Inc. will cut bonuses by about 40% in the deepest belt-tightening move among the big U.S. banks, The Wall Street Journal reported Thursday. Goldman Sach’s GS,…
Morgan Stanley evaluating job cuts, CEO says
[ad_1] Morgan Stanley CEO James Gorman said the marquee investment bank is studying potential job cuts as the latest big financial institution to look for ways to reduce costs headed…