Brian Moynihan, Bank of America's CEO, highlighted the firm's decision to move to a private cloud on its third-quarter earnings call.
October 18, 2019   |   View Online »
 
Bank of America’s CEO says that it’s saved $2 billion per year by ignoring Amazon or Microsoft and building its own cloud instead

Bank of America’s CEO says that it’s saved $2 billion per year by ignoring Amazon or Microsoft and building its own cloud instead

Alex Morrell,Dan DeFrancesco | Brian Moynihan, Bank of America's CEO, highlighted the firm's decision to move to a private cloud on its third-quarter earnings call.

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Merrill Lynch is shifting how it handles staff who drop out of its financial-adviser trainee program, and it highlights the industry's evolving career paths

Merrill Lynch is shifting how it handles staff who drop out of its financial-adviser trainee program, and it highlights the industry's evolving career paths

Rebecca Ungarino | Financial-advisers-in-training there who exit the program are increasingly staying with the company in different roles instead of leaving altogether.

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Chime, one of the hottest digital banks taking on Wall Street, faced outages that could see it lose customers. It highlights how competitive digital banking has become.

Chime, one of the hottest digital banks taking on Wall Street, faced outages that could see it lose customers. It highlights how competitive digital banking has become.

Shannen Balogh,Dan DeFrancesco | Challenger bank Chime experienced an outage that locks customers out of their accounts and didn't allow them to make purchases.

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GOLDMAN SACHS: These 5 trades can help investors make a killing during a crucial earnings season

GOLDMAN SACHS: These 5 trades can help investors make a killing during a crucial earnings season

Marley Jay | Goldman Sachs says it's found five attractively priced options trades investors can use to beat the market during a turbulent earnings season.

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Check out the pitch deck a 19-year-old founder used to raise $3.2 million in seed funding from legendary investors Sequoia Capital

Check out the pitch deck a 19-year-old founder used to raise $3.2 million in seed funding from legendary investors Sequoia Capital

Callum Burroughs | "Having great investors around you is a real comfort blanket and means we have the support to build out our engineering team in Dublin."

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Uber and a slew of startups are rushing to disrupt the trucking industry. Old school incumbents are meeting the challenge head on.

Uber and a slew of startups are rushing to disrupt the trucking industry. Old school incumbents are meeting the challenge head on.

Rachel Premack | Tech giants said they'd disrupt the trucking industry. Instead, analysts say freight brokerage incumbents are holding their own.

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The Kabbalah Connection: Insiders say a celebrity-centered religious sect deeply influenced how Adam Neumann ran WeWork before its spectacular collapse

The Kabbalah Connection: Insiders say a celebrity-centered religious sect deeply influenced how Adam Neumann ran WeWork before its spectacular collapse

Becky Peterson,Meghan Morris | WeWork's Adam and Rebekah Neumann mixed business and spirituality from Kabbalah Centre, a religious organization known for high-pressure tactics.

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'Patience is wearing thin' as IBM reports yet another quarter of falling revenues, but its $34 billion Red Hat buy is a bright spot

'Patience is wearing thin' as IBM reports yet another quarter of falling revenues, but its $34 billion Red Hat buy is a bright spot

Benjamin Pimentel | IBM missed on its revenue which drops again. But it says buying Red Hat is paying off. An analyst says, "Patience is wearing thin."

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WeWork says it has 527,000 'memberships,' but that's not as straightforward as it seems

WeWork says it has 527,000 'memberships,' but that's not as straightforward as it seems

Julie Bort | WeWork gets paid based on the head count it assigns to a space, not the actual number of people filling it.

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Australian graphic design startup Canva raised $85 million, just five months after its last $70 million round. Its CEO explains the strategy behind raising so fast.

Australian graphic design startup Canva raised $85 million, just five months after its last $70 million round. Its CEO explains the strategy behind raising so fast.

Megan Hernbroth | The startup saw its valuation balloon $700 million to $3.2 billion in just 148 days, which comes out to about $5 million per day.

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