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

Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly).

Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.

#american-bankers-assn, #bank-of-america-corporation, #bank-of-new-york-mellon-corporation, #banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #cohen-h-rodgin, #currency, #dimon-james, #el-salvador, #federal-reserve-system, #jpmorgan-chasecompany, #montag-thomas-k, #moynihan-brian-t, #new-york-city, #northern-trust-corporation, #office-of-the-comptroller-of-the-currency, #sullivancromwell, #us-bancorp, #us-dollar-currency, #virtual-currency

Bank of America Revamps Leadership, but C.E.O. Plans to Stick Around

The nation’s second-largest bank promoted several executives, although it’s unlikely that any of them will replace Brian Moynihan, the chief executive, anytime soon.

#appointments-and-executive-changes, #bank-of-america-corporation, #banking-and-financial-institutions, #charlotte-nc, #corbat-michael-l, #dimon-james, #finucane-anne-m, #fraser-jane-1967, #montag-thomas-k, #moynihan-brian-t

Goldman Sachs Wants Its Bankers Back at the Office

Goldman Sachs is the latest to call an end to remote work.

#banking-and-financial-institutions, #dimon-james, #facebook-inc, #goldman-sachs-group-inc, #interest-rates, #social-media, #solomon-david-m, #virtual-currency, #yellen-janet-l

Jamie Dimon, LeBron James and the Super League Debate

Jamie Dimon of JPMorgan Chase and LeBron James are the latest to get entangled in the debate.

#berkshire-hathaway-inc, #corporate-social-responsibility, #dimon-james, #european-super-league-soccer, #james-lebron, #jpmorgan-chasecompany, #neuberger-berman-llc, #perez-florentino, #soccer

With Earnings Soaring, Wall Street Banks See Economic Boom Ahead

The banks said they released large chunks of money that had been set aside to cushion themselves from losses caused by the pandemic.

#banking-and-financial-institutions, #company-reports, #dimon-james, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #united-states-economy, #wells-fargocompany

After Pandemic, Shrinking Need for Office Space Could Crush Landlords

Some big employers are giving up square footage as they juggle remote work. That could devastate building owners and cities.

#boston-properties-inc, #buildings-structures, #coronavirus-2019-ncov, #corporations, #dimon-james, #jpmorgan-chasecompany, #landlords, #manhattan-nyc, #property-taxes, #quarantine-life-and-culture, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #sl-green-realty-corporation, #stocks-and-bonds, #telecommuting, #united-states, #urban-areas, #workplace-environment

JPMorgan’s Jamie Dimon Sees a Boom Coming

Jamie Dimon tells the bank’s investors to prepare for an economic upswell.

#amazon-com-inc, #credit-suisse-group-ag, #dimon-james, #jpmorgan-chasecompany, #organized-labor, #treasury-department

C.E.O.s, Former Officials Call for a Post-Trump Globalism Revival

A group of company leaders and former policymakers argue that “globalism” isn’t an epithet. Instead, they argue, it is the way forward.

#alibaba-group-holding-ltd, #arnault-bernard, #blair-tony, #dimon-james, #gates-robert-m, #income-inequality, #johnsonjohnson, #jpmorgan-chasecompany, #lvmh-moet-hennessy-louis-vuitton-sa, #politics-and-government, #tsai-joseph-c, #united-states-politics-and-government

Business Leaders Condemn Violence on Capitol Hill: ‘This is Sedition’

Hours after supporters of President Trump stormed the Capitol, industry leaders called for an end to the chaos that disrupted efforts to certify the presidential election result.

#biden-joseph-r-jr, #dimon-james, #presidential-election-of-2020, #presidential-transition-us, #treason-and-sedition, #united-states-politics-and-government

Bill Gates, Elizabeth Warren, Killer Mike and More Will Speak at the DealBook Online Summit

Bill Gates, Senator Elizabeth Warren, Jamie Dimon, Masayoshi Son, Killer Mike and more will join us.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #bourla-albert, #burns-ursula-m, #dimon-james, #fauci-anthony-s, #killer-mike, #smith-robert-f-1962, #son-masayoshi, #united-states-economy, #warren-elizabeth

What Counts as Race Discrimination? A Suit Against JPMorgan Is a Test

A former employee accuses JPMorgan Chase of failing to stop what she said was racially driven bullying. The bank says race had nothing to do with it.

#banking-and-financial-institutions, #black-people, #dimon-james, #discrimination, #jpmorgan-chasecompany, #labor-and-jobs, #suits-and-litigation-civil, #workplace-environment

Three Rockefellers Say Banks Must Stop Financing Fossil Fuels

JPMorgan Chase and other big banks should use their lending power to force cuts in greenhouse gas emissions.

#banking-and-financial-institutions, #corporate-social-responsibility, #dimon-james, #global-warming, #greenhouse-gas-emissions, #jpmorgan-chasecompany, #rockefeller-family, #rockefeller-david, #rockefeller-john-d, #united-states

C.E.O.s Rediscover the Family Dinner Table

Remote work during the coronavirus pandemic has given executives with children a taste of a different way to live.

#beyond-meat-inc, #blakely-sara, #children-and-childhood, #coronavirus-2019-ncov, #dimon-james, #ellevest, #executives-and-management-theory, #foley-john-fitness-executive, #krawcheck-sallie-l, #mckinseyco, #new-york-city, #parenting, #quarantine-life-and-culture, #videophones-and-videoconferencing

Steven Mnuchin Tried to Save the Economy. Not Even His Family Is Happy.

The coronavirus was an opportunity for the Treasury secretary to redefine his legacy, for better or worse.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cramer-james-j, #dimon-james, #gingrich-newt, #milken-michael-r, #mnuchin-steven-t, #pelosi-nancy, #treasury-department, #trump-donald-j, #united-states-economy

C.E.O.s Pledge to Hire 100,000 Low-Income and Minority New Yorkers

A new nonprofit, the New York Jobs C.E.O. Council, will work with universities, the city and other groups to create new curriculums and apprenticeships over the next decade.

#city-university-of-new-york, #dimon-james, #fink-laurence-d, #labor-and-jobs, #mellow-gail-o, #minorities, #new-york-city, #nonprofit-organizations, #pichai-sundar, #unemployment

Former Exxon Chief Lee Raymond Shouldn’t Be on JP Morgan Chase’s Board

Shareholders at JP Morgan Chase should block a former Exxon chief from another term on the bank’s board.

#banking-and-financial-institutions, #blackrock-inc, #dimon-james, #dinapoli-thomas-p, #exxon-mobil-corp, #global-warming, #jpmorgan-chasecompany, #new-york-city, #office-of-the-comptroller-nys, #oil-petroleum-and-gasoline, #raymond-lee-r-1938, #stringer-scott-m

Some Companies Seeking Bailouts Had Piles of Cash, Then Spent It

They poured the money into stock buybacks and dividends. Now, those hurting from the pandemic want government aid.

#american-airlines, #boeing-company, #buffett-warren-e, #business-roundtable, #coronavirus-aid-relief-and-economic-security-act-2020, #creed-greg, #davebusters-inc, #dimon-james, #fast-food-industry, #fink-laurence-d, #kentucky-fried-chicken, #mcdonalds-corporation, #papa-johns-international-inc, #restaurants, #stock-buybacks, #yum-brands-inc

Trump Announces His ‘Opening the Country’ Council

He read off dozens of prominent names from Wall Street, Silicon Valley and the sports world. At least one person on the list was surprised to be on it.

#bezos-jeffrey-p, #cook-timothy-d, #cuban-mark, #demint-jim, #dimon-james, #trump-donald-j, #unemployment-insurance, #zuckerberg-mark-e

Big Banks, Readying for a Recession, Set Aside Billions

First-quarter earnings reports from JPMorgan Chase and Wells Fargo showed the country’s largest banks were preparing for customer pain.

#banking-and-financial-institutions, #company-reports, #coronavirus-2019-ncov, #dimon-james, #jpmorgan-chasecompany, #scharf-charles-w, #united-states-economy, #wells-fargocompany