Tag: Financial services
Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary
Struggling New York Community Bancorp said Friday that it is cutting 700 jobs at its Flagstar subsidiary as it tries to return to...
CVS Health CEO Lynch steps down as national chain struggles to right its path
CVS Health CEO Karen Lynch has stepped down with company shares sinking 19% this year and the health care giant struggling on several...
Stock market today: Asian shares gain as China releases plan for market support
BANGKOK -- Asian shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies...
Elevance makes a late cut to its 2024 forecast after seeing trouble in Medicaid
Shares of Elevance tumbled early Thursday after the insurer said rising Medicaid costs prompted a 2024 forecast cut less than three months before...
European Central Bank poised to cut rates again as inflation drops below target
The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to cut borrowing costs...
Why you shouldn't store your money in payment apps
NEW YORK -- Connor Tomasko grew up wary of credit cards. As she taught herself more about managing money, she realized that many...