Musk to Attend Twitter All-Hands Meeting

Musk will attend a virtual all-hands meeting as his $44 billion acquisition of the company moves ahead, despite his hand-wringing about bots.

#abbott-laboratories, #appointments-and-executive-changes, #arm-holdings-plc, #artificial-intelligence, #biden-joseph-r-jr, #blackstone-group-the, #celsius-network-llc, #citigroup-inc, #computers-and-the-internet, #crown-resorts-ltd, #environmental-protection-agency, #federal-reserve-system, #infant-formulas, #interest-rates, #internal-storyline-no, #layoffs-and-job-reductions, #musk-elon, #regulation-and-deregulation-of-industry, #relocation-of-business, #social-media, #united-states, #workplace-hazards-and-violations

The Rules for Hybrid Work Were Always Made Up

As more and more workplaces pause or end the expectation of three days a week in the office, a large-scale return may never be on the horizon.

#airbnb, #apple-inc, #blackrock-inc, #citigroup-inc, #coronavirus-return-to-office, #dunn-zach, #goldman-sachs-group-inc, #jefferies-group-inc, #labor-and-jobs, #robin-org, #workplace-environment, #zillow-com

Invade Haiti, Wall Street Urged. The U.S. Obliged.

The long occupation of Haiti began with a drumbeat from the bank that became Citigroup, decades of diplomatic correspondence and other records show.

#banking-and-financial-institutions, #citigroup-inc, #economic-conditions-and-trends, #farnham-roger-l, #france, #haiti, #national-city-bank, #united-states, #united-states-international-relations, #war-and-armed-conflicts

How Much Haiti’s Freedom Cost: Takeaways From a Times Series

How did the modern world’s most successful slave revolt give birth to a desperately poor nation? Here is a summary of what a team of New York Times correspondents found out.

#aristide-jean-bertrand, #bonaparte-napoleon, #charles-x-king-of-france, #citigroup-inc, #colonization, #corruption-institutional, #credit-and-debt, #duvalier-francois, #france, #haiti, #piketty-thomas, #reparations, #slavery-historical, #united-states, #united-states-international-relations

Taking the Fight for Safe, Legal Abortion to the States

A novel Michigan lawsuit will attempt to continue to make abortion available

#abortion, #amazon-com-inc, #citigroup-inc, #democratic-party, #lyft-inc, #roe-v-wade-supreme-court-decision, #suits-and-litigation-civil, #supreme-court-us, #uber-technologies-inc, #yelp

Wall Street Banks Are Getting Flexible on Working From Home

Many big banks are offering flexible working arrangements — sometimes grudgingly — as they chase talent that would rather stay home.

#bank-of-new-york-mellon-corporation, #banking-and-financial-institutions, #citigroup-inc, #goldman-sachs-group-inc, #hsbc-holdings-plc, #naratil-thomas-c-1961, #telecommuting, #ubs-ag, #work-life-balance

Citigroup Will Pay Travel Costs for Employee Abortions in Response to Texas Law

Citigroup is the first major U.S. bank to announce a policy change in response to the legislation, which bans abortions after six weeks of pregnancy.

#abortion, #banking-and-financial-institutions, #bumble-trading-inc, #citigroup-inc, #jpmorgan-chasecompany, #law-and-legislation, #pregnancy-and-childbirth, #supreme-court-us, #texas, #women-and-girls

Russia appears to have avoided default as it makes a $117 million bond payment.

Sanctions have isolated the country financially, driven down the value of the ruble and cut off Moscow’s access to about half its foreign currency reserves.

#citigroup-inc, #credit-and-debt, #credit-ratings-and-credit-rating-agencies, #embargoes-and-sanctions, #fitch-ratings, #foreign-investments, #russia

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

Zelle, the payments platform used by millions of customers, is a popular target of scammers. But banks have been reluctant to make fraud victims whole — despite owning the system.

#bank-of-america-corporation, #bank-robberies, #banking-and-financial-institutions, #citigroup-inc, #consumer-financial-protection-bureau, #frauds-and-swindling, #mobile-commerce-and-payments, #venmo, #wells-fargocompany, #zelle-early-warning-services-llc

Citigroup to Get Rid of Overdraft Fees, the Biggest Bank to Do So

The fees have been criticized by regulators. Citi’s move follows similar actions by smaller lenders like Capital One and Ally Financial.

#banking-and-financial-institutions, #citigroup-inc, #consumer-financial-protection-bureau, #consumer-protection, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry

Wall Street Fights to Keep Talent, but Money Isn’t Always Enough

Banks are raising pay to fend off investment firms, fintechs and crypto start-ups. Still, leaving is often about something other than “always having more and more.”

#appointments-and-executive-changes, #banking-and-financial-institutions, #citigroup-inc, #executive-compensation, #goldman-sachs-group-inc, #hertz-global-holdings-inc, #hiring-and-promotion, #jpmorgan-chasecompany, #scherr-stephen-m, #ubs-ag, #wages-and-salaries

Older Americans Fight to Make America Better

We don’t want to leave the world a worse place than we found it.

#age-chronological, #baby-boomers, #bank-of-america-corporation, #biden-joseph-r-jr, #black-people, #boycotts, #citigroup-inc, #civil-rights-movement-1954-68, #global-warming, #millennial-generation, #mitchell-joni, #music, #nineteen-hundred-sixties, #pop-and-rock-music, #presidential-election-of-2020, #spotify, #trump-donald-j, #united-states, #united-states-politics-and-government, #voting-rights-act-1965, #voting-rights-registration-and-requirements, #wells-fargocompany, #young-neil, #youth

Stocks climb as investors weigh a surprising jobs report and Amazon earnings.

Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year.

#amazon-com-inc, #apple-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coca-cola-company, #company-reports, #exxon-mobil-corp, #facebook-inc, #federal-reserve-system, #goldman-sachs-group-inc, #government-bonds, #meta-platforms-inc, #nasdaq-composite-index, #oil-petroleum-and-gasoline, #snap-inc, #standardpoors-500-stock-index, #stocks-and-bonds, #twitter, #united-states-economy, #walt-disney-company

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

In a shift in policy as Covid cases rise, the Wall Street firm urged U.S. employees who can work remotely to do so until Jan. 18.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-return-to-office, #deutsche-bank-ag, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #morgan-stanley, #quarantine-life-and-culture, #telecommuting, #vaccination-and-immunization, #wells-fargocompany, #workplace-environment

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

Finance employees who couldn’t imagine working from home before the pandemic are now reluctant to return to the office. Their bosses can’t figure out how to bring them back.

#bank-of-america-corporation, #banking-and-financial-institutions, #careers-and-professions, #citigroup-inc, #coronavirus-reopenings, #coronavirus-risks-and-safety-concerns, #dimon-james, #dress-codes, #fraser-jane-1967, #goldman-sachs-group-inc, #gorman-james-p, #jefferies-group-inc, #jpmorgan-chasecompany, #labor-and-jobs, #manhattan-nyc, #morgan-stanley, #new-york-city, #partnership-for-new-york-city, #solomon-david-m, #workplace-environment, #wylde-kathryn-s

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

Citigroup, JPMorgan Chase and Goldman Sachs are among those eyeing huge potential profits, undeterred by Beijing’s sudden policy changes and friction with the United States.

#banking-and-financial-institutions, #blackrock-inc, #china, #citigroup-inc, #financial-brokers, #goldman-sachs-group-inc, #high-net-worth-individuals, #jpmorgan-chasecompany, #politics-and-government

Wall Street Sees a Record-Deal Spree as a Reason for Optimism

Fees from advising corporate clients on mergers and other deals raised bottom lines across Wall Street. Bankers say it’s a good sign for the recovery.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #company-reports, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #mergers-acquisitions-and-divestitures, #morgan-stanley, #solomon-david-m, #united-states-economy

Loans Will Be the Key to Banks’ Future Fortunes

The big banks are expected to benefit from increased consumer spending when they report earnings this week. Where they go from here will depend greatly on lending to households and businesses.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #company-reports, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #lake-marianne, #morgan-stanley, #united-states-economy, #wells-fargocompany

Finance Executives Say Risk of Default Is Already Damaging the Economy

Shortly after the C.E.O.s met with President Biden, Senator Mitch McConnell said he would allow Democrats to raise the debt ceiling enough to push a potential default to December.

#biden-joseph-r-jr, #citigroup-inc, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #fraser-jane-1967, #friedman-adena-t, #goldman-sachs-group-inc, #mcconnell-mitch, #nasdaq-omx-group-inc, #national-debt-us, #republican-party, #senate, #treasury-department, #united-states-politics-and-government

Soho House Is Going Public, With Questions About Its Business

Soho House will begin trading. All eyes are on whether stock market investors will sign up.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #initial-public-offerings, #jpmorgan-chasecompany, #labor-and-jobs, #membership-collective-group, #soho-house-manhattan-ny

Bank profits are poised to surge as the pandemic recedes.

The country’s biggest banks will report their quarterly earnings this week, reaping the benefits of an economy that’s returning to normal.

#banking-and-financial-institutions, #citigroup-inc, #consumer-behavior, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #morgan-stanley, #united-states-economy, #wells-fargocompany

Citi Creates ‘Zoom-Free Fridays’ to Combat Covid-19 Pandemic Fatigue

The bank plans to have one day each week when workers can avoid being on-camera for internal calls. “We are all feeling the weariness,” Citi’s chief executive said.

#citigroup-inc, #fraser-jane-1967, #quarantine-life-and-culture, #videophones-and-videoconferencing, #work-life-balance, #zoom-video-communications

Citigroup’s $900 Million Defeat

Citi committed “one of the biggest blunders in banking history,” a federal judge says.

#banking-and-financial-institutions, #carlyle-group-lp, #citadel-investment-group, #citigroup-inc, #corporate-social-responsibility, #greenhouse-gas-emissions, #robinhood-financial-llc

Incoming Citigroup C.E.O. Jane Fraser Faces Major Turnaround Job

The incoming C.E.O. of Citi wants to take a more global approach to issues and expand banking services for poor Americans even as the bank faces pressure to get itself in shape.

#appointments-and-executive-changes, #banking-and-financial-institutions, #citigroup-inc, #corbat-michael-l, #fraser-jane-1967, #women-and-girls

Ray McGuire Has It All. He Still Wants to Be N.Y.C. Mayor.

Raymond McGuire has lived a grand New York life, conquering Wall Street and kibitzing with Steve Martin. But in his campaign for mayor, he is eager to reach beyond his wealthy supporters.

#art, #bloomberg-michael-r, #citigroup-inc, #elections-mayors, #mcguire-raymond-j, #new-york-city

Big Banks’ Earnings Reflect the U.S. Economy Joe Biden Is Inheriting

Big banks are sending mixed signals.

#amazon-com-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-2019-ncov, #executive-orders-and-memorandums, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #morgan-stanley, #stimulus-economic, #united-states-economy, #vaccination-and-immunization, #wells-fargocompany

With Vaccines and Stimulus on the Way, Banks Brighten Their Outlook

The biggest banks in the United States have begun to pare back the enormous reserves they had socked away in case of an economic disaster.

#banking-and-financial-institutions, #citigroup-inc, #credit-and-debt, #jpmorgan-chasecompany, #united-states-economy

AT&T, JPMorgan and Coca-Cola Pull Back Political Giving Following Capitol Riots

AT&T and Marriott were among companies that will stop campaign contributions to lawmakers who objected to certifying the election. Other companies, such as JPMorgan, paused all political donations.

#att-inc, #charles-schwab-corporation, #citigroup-inc, #corporations, #cruz-ted, #facebook-inc, #fedex-corporation, #goldman-sachs-group-inc, #hawley-josh-d-1979, #jpmorgan-chasecompany, #lincoln-project, #lobbying-and-lobbyists, #marriott-international-inc, #morgan-stanley, #political-action-committees, #politics-and-government, #presidential-transition-us, #storming-of-the-us-capitol-jan-2021, #trump-donald-j, #twitter, #united-states, #united-states-politics-and-government, #walmart-stores-inc

Paid Time Off, Free Fries: How Corporate America Is Getting Out the Vote

Spurred by recent social unrest, many U.S. companies are trying to make it easier for workers, and urging their customers, to cast their ballots.

#amazon-com-inc, #burch-tory, #citigroup-inc, #coca-cola-company, #corporations, #diageo-plc, #jpmorgan-chasecompany, #kenna-corley, #paid-time-off, #patagonia-inc, #presidential-election-of-2020, #united-states-politics-and-government, #voter-registration-and-requirements

Could Ray McGuire Be N.Y.C.’s 2nd Black Mayor?

One of the highest-ranking and longest-serving Black executives on Wall Street is entering the Democratic race eight months before the primary. 

#adams-eric-l, #black-people, #citigroup-inc, #elections-mayors, #mcguire-raymond-j, #new-york-city, #stringer-scott-m

Ray McGuire, Wall Street Executive, Enters N.Y.C. Mayor’s Race

Business leaders encouraged Mr. McGuire to seek the Democratic nomination, saying his background would help the city and its economy recover from the pandemic.

#black-people, #citigroup-inc, #democratic-party, #elections-mayors, #mcguire-raymond-j, #new-york-city, #race-and-ethnicity

Despite Billions in Fees, Banks Predict Meager Profits on P.P.P. Loans

Banks collected at least $13 billion in fees on Paycheck Protection Program loans, according to a New York Times analysis. But the largest lenders say costs wiped out most of what they took in.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #jpmorgan-chasecompany, #philanthropy, #wells-fargocompany

Citigroup’s Jane Fraser to Become Chief Executive

Jane Fraser, Citigroup’s president, will replace Chief Executive Michael Corbat in February as he retires.

#appointments-and-executive-changes, #banking-and-financial-institutions, #citigroup-inc, #corbat-michael-l, #fraser-jane-1967

Businesses Are Supposed to Cut Debt in a Downturn. Why Not Now?

The Federal Reserve’s efforts to stabilize markets have touched off an even bigger borrowing binge than corporate America was already on.

#abercrombiefitch-co, #banking-and-financial-institutions, #citigroup-inc, #credit-and-debt, #expedia-inc, #federal-reserve-system, #jpmorgan-chasecompany, #live-nation-entertainment-inc, #recession-and-depression, #stocks-and-bonds, #united-states-economy

Banks Stockpile Billions as They Prepare for Things to Get Worse

JPMorgan Chase, Citigroup and Wells Fargo said that as long as the economy behaved according to their forecasts, they were braced for more pandemic-induced pain.

#banking-and-financial-institutions, #citigroup-inc, #company-reports, #coronavirus-2019-ncov, #credit-and-debt, #jpmorgan-chasecompany, #piepszak-jennifer, #scharf-charles-w, #united-states-economy, #wells-fargocompany

Stocks Generate Big Gains and Bigger Questions

A powerful rally during drastically deteriorating economic conditions has left the market richly valued and facing great uncertainty.

#banking-and-financial-institutions, #brazil, #citigroup-inc, #cnbc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #credit-and-debt, #europe, #federal-reserve-system, #house-of-representatives, #inflation-economics, #interest-rates, #japan, #latin-america, #morningstar-inc, #personal-finances, #prices-fares-fees-and-rates, #quarantines, #recession-and-depression, #second-quarter-2020, #senate, #shutdowns-institutional, #standardpoors-500-stock-index, #stocks-and-bonds, #unemployment, #united-states-economy, #united-states-politics-and-government, #university-of-california-los-angeles

‘Banking While Black’: How Cashing a Check Can Be a Minefield

Black customers risk being racially profiled on everyday visits to bank branches. Under federal laws, there is little recourse as long as the banks ultimately complete their transactions.

#bank-of-america-corporation, #banking-and-financial-institutions, #black-lives-matter-movement, #black-people, #citigroup-inc, #civil-rights-and-liberties, #customer-relations, #discrimination, #george-floyd-protests-2020, #jpmorgan-chasecompany, #law-and-legislation, #race-and-ethnicity, #racial-profiling, #suits-and-litigation-civil, #wells-fargocompany

Boxed Lunches and Plexiglass Will Welcome Back Wall Street’s Workers

The finance industry will return to its offices this month, but the landscape is likely to be altered for many months to come.

#bank-of-america-corporation, #banking-and-financial-institutions, #bathrooms-and-toilets, #citigroup-inc, #coronavirus-2019-ncov, #coronavirus-reopenings, #goldman-sachs-group-inc, #neuberger-berman-llc, #shutdowns-institutional

Corporate Voices Get Behind ‘Black Lives Matter’ Cause

Major companies are often wary of conflict, especially in a polarized time. But some are now taking a stand on racial injustice and police violence.

#72andsunny, #adidas-ag, #advertising-and-marketing, #aina-jackie, #benjerrys-homemade-inc, #citigroup-inc, #converse-inc, #corporate-social-responsibility, #discrimination, #fashion-nova-inc, #floyd-george-d-2020, #hbo-max, #kaepernick-colin, #netflix-inc, #nike-inc, #nordstrom-inc, #police-brutality-misconduct-and-shootings, #race-and-ethnicity, #reebok-international-ltd, #social-media, #starbucks-corporation, #target-corporation, #warner-media-llc

Bankers Scold S.B.A. as Loan System Crashes in Flood of Applications

The government started taking applications Monday for a further $310 billion in emergency funds, and quickly ran into technical problems.

#american-bankers-assn, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #midwest-savings-bank, #small-business, #small-business-administration

Banks Gave Richest Clients ‘Concierge Treatment’ for Pandemic Aid

Some businesses seeking coronavirus loans got to avoid flaky online portals or backed-up queues. Many other small businesses couldn’t get their loan requests submitted before the money dried up.

#banking-and-financial-institutions, #citigroup-inc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #customer-relations, #high-net-worth-individuals, #jpmorgan-chasecompany, #small-business, #small-business-administration, #us-bancorp

Classic Skyscrapers Define New York. Take a Virtual Tour.

The epitome of the ‘Mad Men’ era, the sleek midcentury buildings of Park Avenue glimmer. Our critic strolls with the architect Annabelle Selldorf.

#architecture, #bunshaft-gordon, #citigroup-inc, #demolition, #foster-norman, #historic-buildings-and-sites, #huxtable-ada-louise, #johnson-philip, #lever-house-manhattan-ny, #manhattan-nyc, #metlife-building-manhattan-ny, #mies-van-der-rohe-ludwig, #park-avenue-manhattan-ny, #restoration-and-renovation, #selldorf-architects, #selldorf-annabelle, #skidmore-owingsmerrill, #windows

Loan Money Runs Out While Small-Business Owners Wait in Line

Frustrated with the process and banks, they have to figure out how to stay afloat while Congress tries to come up with more funding.

#banking-and-financial-institutions, #citigroup-inc, #coronavirus-aid-relief-and-economic-security-act-2020, #crossfit-inc, #potbelly-corp, #small-business, #small-business-administration, #wells-fargocompany

SBA Loan Program Starts As Small Businesses Make Urgent Applications

A $349 billion program to throw them a financial lifeline got off to a rocky start on Friday as the U.S. economy continued to seize up.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-2019-ncov, #jpmorgan-chasecompany, #layoffs-and-job-reductions, #small-business, #small-business-administration, #wells-fargocompany