Banking
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Fed officials in June resolute in tightening into ‘restrictive’ territory despite risk of slower growth
Federal Reserve officials were resolute about the need to continue to hike their benchmark policy interest rate despite seeing downside…
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Charged an Overdraft Fee? Ask for a Refund
Matt Benevento was surprised when his bank sent him an alert that he’d incurred four overdraft transactions in his account…
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Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
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Xavier Rolet on his 130-hour weeks at Goldman: ‘Not sure what today’s generation is complaining about’
How many hours do you really need to clock in investment banking? A group of first-year Goldman Sachs analysts, stretched…
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Inside Lazard’s ‘commando’ dealmaker team and expansion plans: ‘We’re aggressively hiring’
William McRaven was the former head of US special operations who oversaw the raid that led to the death of…
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Barclays blocks customers from sending funds to crypto exchange Binance
Barclays customers in the UK have been blocked from transferring funds to cryptocurrency exchange Binance after the latter faced heat…
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Barclays hikes analyst pay to $100,000 amid junior burnout crisis
Barclays has followed Wall Street rivals by hiking the base pay for entry-level bankers to $100,000, bringing it in line…
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Citi investment bank boss says flexible working could give it a talent edge over rivals
Citigroup’s plans to offer flexible working to its employees could give it the edge in attracting talent over its Wall…
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JPMorgan’s trading platform Neovest fined for operating as an unregistered broker-dealer
The Securities and Exchange Commission said it has charged Neovest, a JPMorgan unit that provides an electronic trading platform, for…
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Citi dealmaker Shabi steps down after three decades at the bank
A senior dealmaker who has spent three decades at Citigroup is stepping down. Cyrus Shabi, co-head of its global building products investment…
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JPMorgan increases entry level salaries for junior bankers to $100,000
JPMorgan has joined rivals in hiking pay for junior bankers, with first-year analysts now offered starting salaries of $100,000. The…
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Credit Suisse enters standstill agreement with Gupta’s GFG Alliance
GFG Alliance said on 23 June it has penned a standstill agreement with Credit Suisse on the Australian unit that…
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Sajid Javid set to leave JPMorgan after shock health secretary post
The UK’s newly-appointed health secretary Sajid Javid is to step down from his post as a senior adviser on the JPMorgan’s advisory…
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Elon Musk and Jack Dorsey plan bitcoin chat at July event, and Ark Invest’s Cathie Wood thinks it’s ‘brilliant’
Call it the hallowed trinity of tech. Bitcoin bulls Jack Dorsey, Twitter’s CEO TWTR, -0.47% (and Square’s SQ, -1.72%, as…
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Why companies like crypto platform Coinbase are issuing a torrent of convertible bonds
Companies issued a torrent of convertible bonds since the pandemic hit, even before Coinbase Global Inc. brought out its own…
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Goldman Sachs offers Covid-19 vaccines to thousands of staff in India as infections soar
Goldman Sachs is offering Covid-19 vaccinations to thousands of its staff in India and rolling out fresh relief efforts in…
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UBS starts new bonus for juniors as banks look to combat burnout
UBS has kick-started a new promotion bonus for its junior bankers, and shifted salary increases to the summer in the…
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Jamie Dimon: Fintech poses ‘big time’ threat to JPMorgan and major banks
Silicon Valley’s technology prowess poses a major competition threat to Wall Street, JPMorgan boss Jamie Dimon has said. The US…
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