BROWSE BY TOPIC
Stories of Interest
- Inside Scaramucci’s Extreme Loyalty to Trump – William Cohan
- Who President Trump Can Pardon, and Who He Can’t
- Ex-UBS Compliance Officer, Day Trader Deny Insider Trading
- Private Equity’s Big Bets on Financial Tech
- Trump Reportedly Floats Making Rudy Giuliani Attorney General
- Mastercard Wins Dismissal of $18 Billion Class Action Suit
- Jailed Schroders Trader Also to Pay $456K for His 'Criminal Lifestyle'
- Raymond Lucia, Ex-Radio Host Asks U.S. Top Court to Rule On Administrative Law Judges
- As Trump Administration Circles the Drain, Anthony Scaramucci Finally Lands West Wing Job
- Internal Power Struggle Rattles Guggenheim Partners
- Why Most People Will Never Be Successful
- Top Deutsche Bank Trader Leaves After Risky Bets Led to $60Mn Loss
- Bank of America Picks Dublin as EU Hub Post Brexit
- E*Trade Rises 4% as Q2 Earnings Beat Estimates
- I Scream, You Scream, FINRA Screams For Ice Cream ... or ... FINRA Deep-Freezes Broker
- Senate Panel OK's David Kautter, Trump Pick for Top Treasury Tax Job
- OJ Simpson Granted Parole After 9 Years in Prison
- PayPal to Partner with JPMorgan
- BNY Mellon Beats on Q2 Earnings as Revenues Improve
- I Scream, You Scream, FINRA Screams for Ice Cream ... or ... FINRA Deep-Freezes a Broker
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NEWSLETTERS & ALERTS
Fidelity Reportedly Axed Hundreds of Workers
Axios.com reports that Fidelity Investments laid off hundreds of employees last week. This follows the departure of more than 1,500 employees who accepted voluntary buyouts that Fidelity offered in February 2017 (to 3,000 employees who are at least 55 years old and have been with the firm at least 10 years). Fidelity’s global workforce numbers around 45,000.
Fidelity statement to Axios: "We are a very healthy company that continues to grow, and our record 2016 earnings underscore this fact. Beyond this, we actively manage our business and have not historically commented about hiring or reductions."
Fidelity statement to ThinkAdvisor: "From time to time, our individual businesses may be making adjustments to their staffing levels; some may be adding employees while others may be reducing." … "We currently have hundreds of open positions that we are recruiting for nationwide."