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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank

On March 10, just hours after Silicon Valley Bank collapsed, the hedge fund manager Bill Ackman hosted a dinner for about 20 people at his penthouse apartment in Manhattan.The dinner […]




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The E.S.G. Fight Has Come to This: Bankers Suing Lawyers

In effect, according to the bankers’ legal filing, the demands were “creating an ongoing state surveillance system.” The bankers further claimed that the attorney general was violating their right to […]




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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO

McDonald’s ex-C.E.O. pays for his firing scandal Three years after being fired as McDonald’s C.E.O. over what was eventually revealed as several inappropriate personal relationships with employees, Steve Easterbrook on […]




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A Federal Reserve President Spoke at an Invite-Only, Off-Record Bank Client Event

James Bullard, who leads the Federal Reserve Bank of St. Louis, appeared at a Citigroup forum last week in Washington. Reporters were not invited. Read More




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The Texas Law That Has Banks Saying They Don’t ‘Discriminate’ Against Guns

Four years ago, JPMorgan Chase joined some of the nation’s largest banks in publicly distancing itself from the firearm industry after a mass shooting in Parkland, Fla., left 17 people […]




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Wall Street Banks Are Getting Flexible on Working From Home

When Tom Naratil arrived on Wall Street in the 1980s, work-life balance didn’t really exist. For most bankers of his generation, working long hours while missing out on family time […]




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Fraud Is Flourishing on Zelle. The Banks Say It’s Not Their Problem.

Another Wells Fargo customer, Julia Gibson, lost $2,500 to a similar scam in October. After she reported the fraud to the bank, it gave her a provisional credit for the […]




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Goldman Sachs Follows Wall Street Rivals in Asking Staff to Work From Home

Goldman Sachs told its U.S. employees on Sunday to work from home for the first two weeks of the year, joining Wall Street competitors that had already given similar instructions […]




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Wall Street Warms Up, Grudgingly, to Remote Work, Unthinkable Before Covid

In private, many senior bank executives tasked with raising attendance among their direct reports expressed irritation. They said it was unfair for highly paid employees to keep working from home […]




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Wall Street Is Finally Getting Access to China. But for How Long?

For decades, American banks have been eager to expand their business in China, the world’s second-largest economy. They’re finally getting their way — just as a spiraling corporate debt crisis […]