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

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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 21, 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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 JPMorgan Chase has built a public policy center in DC and its first plan is to help people with criminal records get jobs. CEO Jamie Dimon told us why.

JPMorgan Chase has built a public policy center in DC and its first plan is to help people with criminal records get jobs. CEO Jamie Dimon told us why.

Richard Feloni | JPMorgan Chase has launched its PolicyCenter in Washington, D.C., as the ambitious culmination of its growing corporate responsibility mission.

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'Bigger than the housing bubble': One market expert breaks down why the next US economic meltdown will be even worse than the last

'Bigger than the housing bubble': One market expert breaks down why the next US economic meltdown will be even worse than the last

Christopher Competiello | Peter Schiff explains why the US economy is headed for higher rates, stagflation, and a deep recession.

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Larry Ellison and insiders say that these 5 execs are on the short list to one day be the CEO of Oracle

Larry Ellison and insiders say that these 5 execs are on the short list to one day be the CEO of Oracle

Benjamin Pimentel | Here are five execs who could step up to be Safra Catz's co-CEO, according to insiders and Larry Ellison.

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American Express is following in the footsteps of Brex and Stripe with plans for a corporate card for startups

American Express is following in the footsteps of Brex and Stripe with plans for a corporate card for startups

Shannen Balogh | AmEx's new launch will bring it into competition with buzzy fintechs like Brex, which offers corporate cards to startups.

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Meet the company that turned YouTube's Ryan ToysReview into a business empire making tens of millions per year

Meet the company that turned YouTube's Ryan ToysReview into a business empire making tens of millions per year

Amanda Perelli | Pocket.Watch turns YouTube channels into multifaceted businesses through partnerships with companies like Walmart, Amazon, and Nickelodeon.

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Here are the top companies helping to automate the process of running computer networks, according to IT professionals

Here are the top companies helping to automate the process of running computer networks, according to IT professionals

Benjamin Pimentel | Robotic process automation companies help businesses automate their networks. Here are the top RPA companies, according to IT professionals.

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