West Virginia Punishes Banks That It Says Don’t Support Coal

The move to exclude the institutions from state business is part of a growing effort by Republican officials to shut out companies that are backing away from fossil fuels.

#banking-and-financial-institutions, #blackrock-inc, #coal, #corporate-social-responsibility, #global-warming, #goldman-sachs-group-inc, #greenhouse-gas-emissions, #jpmorgan-chasecompany, #morgan-stanley, #pensions-and-retirement-plans, #politics-and-government, #republican-party, #us-bancorp, #wells-fargocompany, #west-virginia

When Customers Say Their Money Was Stolen on Zelle, Banks Often Refuse to Pay

Federal law requires banks to reimburse customers for unauthorized electronic transfers, but they often refuse, stranding victims.

#bank-of-america-corporation, #bank-robberies, #banking-and-financial-institutions, #capital-one-financial-corporation, #chopra-rohit, #consumer-financial-protection-bureau, #consumer-protection, #e-commerce, #frauds-and-swindling, #jpmorgan-chasecompany, #mobile-commerce-and-payments, #robberies-and-thefts, #senate-committee-on-banking, #venmo, #wells-fargocompany, #zelle-early-warning-services-llc

Musk Says He Has the Means to Buy Twitter, but Investors Aren’t So Sure

Elon Musk could pledge his Tesla shares, borrow from banks or team up with private equity to raise the funds. Each option comes with caveats.

#jpmorgan-chasecompany, #mergers-acquisitions-and-divestitures, #morgan-stanley, #musk-elon, #private-equity, #silver-lake-partners, #social-media, #twitter

As Remote Work Becomes Permanent, Can Manhattan Adapt?

With more companies adopting hybrid work, New York City’s economy, which relies on commuters and full office buildings, faces an uncertain future.

#adams-eric-l, #coronavirus-2019-ncov, #coronavirus-return-to-office, #dimon-james, #economic-conditions-and-trends, #hochul-kathleen-c, #jpmorgan-chasecompany, #manhattan-nyc, #new-york-city, #penguin-random-house, #pricewaterhousecoopers, #quarantine-life-and-culture, #real-estate-commercial, #skillshare-inc, #verizon-communications-inc, #workplace-environment, #zillow-com

The Pandemic’s Nerd Celebrities

When old rules of global commerce no longer seem to apply, masters of esoteric data — ocean shipping container times, anyone? — are thrust into the limelight.

#freight-cargo, #inflation-economics, #jpmorgan-chasecompany, #supply-chain, #united-states-economy

As Offices Ease Covid Safety Measures, Workers Worry

Using local guidelines, many companies are loosening Covid safety rules, leaving workers to navigate masking and social distancing on their own.

#blackrock-inc, #coronavirus-2019-ncov, #coronavirus-return-to-office, #jefferies-group-inc, #jpmorgan-chasecompany, #masks, #morgan-stanley, #partnership-for-new-york-city, #quarantine-life-and-culture, #wells-fargocompany, #workplace-environment, #wylde-kathryn-s

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

Dollars or Rubles? Russian Debt Payments Are Due, and Uncertain.

Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.

#blackrock-inc, #credit-and-debt, #credit-ratings-and-credit-rating-agencies, #currency, #embargoes-and-sanctions, #european-central-bank, #fitch-ratings, #government-bonds, #jpmorgan-chasecompany, #politics-and-government, #ruble-currency, #russia, #russian-invasion-of-ukraine-2022, #siluanovanton, #us-dollar-currency, #vanguard-group-inc

Say Hello Again to the Office, Fingers Crossed

Antsy executives have a message for their employees: Plans to return to in-person work are real this time.

#american-express-company, #bank-of-new-york-mellon-corporation, #chevron-corporation, #coronavirus-reopenings, #coronavirus-return-to-office, #express-employment-professionals, #goldman-sachs-group-inc, #google-inc, #gorman-james-p, #intuit-inc, #jefferies-group-inc, #jpmorgan-chasecompany, #meta-platforms-inc, #microsoft-corp, #midtown-area-manhattan-ny, #morgan-stanley, #partnership-for-new-york-city, #quarantine-life-and-culture, #real-estate-commercial, #telecommuting, #workplace-environment, #wylde-kathryn-s

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

N.Y.C. Struggles To Recover After Omicron Cases Surge

The economic disruptions of the latest Covid wave have hurt blue-collar workers the most, even as Wall Street profits, rents and home sales are soaring.

#adams-eric-l, #coronavirus-2019-ncov, #coronavirus-omicron-variant, #coronavirus-return-to-office, #douglas-elliman-real-estate, #economic-conditions-and-trends, #goldman-sachs-group-inc, #independent-budget-office, #jpmorgan-chasecompany, #labor-and-jobs, #new-york-city, #partnership-for-new-york-city, #quarantine-life-and-culture, #real-estate-commercial, #shutdowns-institutional, #zandi-mark

Why Some Workers Are Getting All the Covid Tests They Need

In the absence of a national effort to make coronavirus testing widely available, a number of big American companies ramped up their own, making tests available for a select group of workers.

#blackrock-inc, #coronavirus-2019-ncov, #coronavirus-return-to-office, #goldman-sachs-group-inc, #google-inc, #jpmorgan-chasecompany, #medicine-and-health, #microsoft-corp, #morgan-stanley, #tests-medical, #workplace-hazards-and-violations

Why Banks Are Slow to Embrace Cloud Computing

Cloud computing is slowly changing how Wall Street banks handle their business, but concerns with security remain.

#amazon-com-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #capital-one-financial-corporation, #cloud-computing, #computers-and-the-internet, #goldman-sachs-group-inc, #google-inc, #jpmorgan-chasecompany, #microsoft-corp, #morgan-stanley, #regulation-and-deregulation-of-industry

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

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

Biden Needs to Diversify the Fed’s Leadership

President Biden has a chance to overhaul the stale culture of central banking.

#appointments-and-executive-changes, #bank-of-japan, #banking-and-financial-institutions, #bernanke-ben-s, #biden-joseph-r-jr, #federal-reserve-system, #greenspan-alan, #jpmorgan-chasecompany, #morgan-stanley, #powell-jerome-h, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stocks-and-bonds, #united-states-economy

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

Why Wall Street Backs China Despite Beijing’s Tighter Grip

Beijing is opening its financial system to foreign banks — and they have maintained their traditional openness to the Communist Party’s rule.

#banking-and-financial-institutions, #blackrock-inc, #china, #economic-conditions-and-trends, #foreign-investments, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #stocks-and-bonds, #united-states-international-relations

Why You Might Not Be Returning to the Office Until Next Year

After the Delta variant disrupted plans to reopen after Labor Day, many businesses pushed their targets further out or left them open-ended.

#airbnb, #american-airlines, #bank-of-america-corporation, #coronavirus-delta-variant, #coronavirus-reopenings, #cvs-caremark-corporation, #ford-motor-co, #intel-corporation, #jpmorgan-chasecompany, #labor-and-jobs, #lyft-inc, #morgan-stanley, #national-public-radio, #paid-time-off, #starbucks-corporation, #uber-technologies-inc, #workplace-environment

Man Charged in Hatchet Attack at a Manhattan Bank

A Yonkers man was charged with attempted murder after a seemingly random assault turned a mundane errand into a bloody struggle.

#adams-eric-l, #assaults, #jpmorgan-chasecompany, #manhattan-nyc, #murders-attempted-murders-and-homicides, #police-department-nyc, #sliwa-curtis

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

Banks Slowly Offer Alternatives to Overdraft Fees, a Bane of Struggling Spenders

Aggressive overdraft fees are worth tens of billions of dollars a year to the banking industry. Account holders are finally getting some better options.

#ally-financial-inc, #banking-and-financial-institutions, #chime-bancorp-bank, #consumer-protection, #customer-relations, #fines-penalties, #jpmorgan-chasecompany, #personal-finances, #warren-elizabeth

Companies Are Still Grappling With Their Vaccination Policies

Companies are sending surveys, offering cash rewards and requiring disclosures to find out how much of their work force is vaccinated.

#bank-of-america-corporation, #equal-employment-opportunity-commission, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #labor-and-jobs, #vaccination-and-immunization, #walmart-stores-inc, #workplace-environment

Health Advocate or Big Brother? Companies Weigh Requiring Vaccines.

It is a delicate decision balancing employee health and personal privacy. Some companies are sidestepping the issue by offering incentives to those who get shots.

#coronavirus-2019-ncov, #jefferies-group-inc, #jpmorgan-chasecompany, #organized-labor, #pimlico-plumbers, #vaccination-and-immunization

JPMorgan Apologizes for Its Role in Super League

The bank that was to provide billions of dollars in financing for a breakaway European soccer league said it “misjudged” how fans would react.

#barcelona-soccer-team, #european-super-league-soccer, #jpmorgan-chasecompany, #pinto-daniel-e, #real-madrid-soccer-team, #soccer

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

JPMorgan draws public ire for financing a breakaway European soccer league.

The bank’s role has made it one of the targets for criticism. European heads of state, former players and supporter groups of the clubs involved were among those speaking out against the plan.

#banking-and-financial-institutions, #european-super-league-soccer, #jpmorgan-chasecompany, #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

He Built a $10 Billion Investment Firm. It Fell Apart in Days.

Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

#archegos-capital-management-llc, #banking-and-financial-institutions, #credit-suisse-group-ag, #derivatives-financial-instruments, #goldman-sachs-group-inc, #gsx-techedu-inc, #hedge-funds, #hwang-bill, #jpmorgan-chasecompany, #morgan-stanley, #regulation-and-deregulation-of-industry, #rlx-technologies, #stocks-and-bonds, #viacomcbs-inc

Returning to the Office Sparks Anxiety and Dread for Some

After a year of working remotely, some employees are not keen to go back to the office, and, so far, employers are being receptive to their concerns.

#amazon-com-inc, #banking-and-financial-institutions, #california-state-university-fullerton, #computers-and-the-internet, #coronavirus-2019-ncov, #de-blasio-bill, #executives-and-management-theory, #ford-motor-co, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #quarantine-life-and-culture, #salesforce-com-inc, #shutdowns-institutional, #solomon-david-m, #target-corporation, #telecommuting, #workplace-environment

Remote Work Is Here to Stay. Manhattan May Never Be the Same.

New York City, long buoyed by the flow of commuters into its towering office buildings, faces a cataclysmic challenge, even when the pandemic ends.

#apple-inc, #empire-state-realty-trust-inc, #jpmorgan-chasecompany, #manhattan-nyc, #omnicom-group-inc, #pinto-daniel-e, #quarantine-life-and-culture, #real-estate-commercial, #sl-green-realty-corporation, #spotify, #telecommuting, #vornado-realty-trust

Looming Deadline and Last-Minute Changes Hinder Small-Business Relief

Lenders are struggling with a new Paycheck Protection Program rule intended to get more money to sole proprietors — and some banks are simply refusing to make the change.

#bank-of-america-corporation, #cardin-benjamin-l, #coronavirus-aid-relief-and-economic-security-act-2020, #jpmorgan-chasecompany, #small-business, #small-business-administration, #velazquez-nydia-m

The Silicon Valley Start-Up That Caused Wall Street Chaos

Robinhood pitched itself to investors as the antithesis of Wall Street. It didn’t say that it also entirely relies on Wall Street. This past week, the two realities collided.

#banking-and-financial-institutions, #charles-schwab-corporation, #e-trade-financial-corporation, #fidelity-investments, #financial-brokers, #futures-and-options-trading, #gamestop-corporation, #jpmorgan-chasecompany, #mobile-applications, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #silicon-valley-calif, #stocks-and-bonds, #td-ameritrade-holding-corp, #venture-capital

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

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

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

Amazon, Berkshire and JPMorgan Will End Joint Health Care Venture

The company, Haven, had promised to disrupt the way large corporations deliver benefits to their employees.

#amazon-com-inc, #berkshire-hathaway-inc, #haven-health-care, #health-insurance-and-managed-care, #jpmorgan-chasecompany

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

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

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

Wait, Wall Street Is Pro-Biden Now?

Investors are warming to the possibility of a “blue wave” as Joseph R. Biden Jr. rises in the polls and the chances of a contested election diminish.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #house-of-representatives, #jpmorgan-chasecompany, #powell-jerome-h, #presidential-election-of-2020, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #trump-donald-j, #united-states-economy

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

Banks Suspected Illegal Activity, but Processed Big Transactions Anyway

A leak of thousands of “suspicious activity reports” that banks filed with regulators shows the widespread nature of illicit money flows.

#bank-of-america-corporation, #bank-of-new-york-mellon-corporation, #banking-and-financial-institutions, #buzzfeed-inc, #deutsche-bank-ag, #financial-crimes-enforcement-network-treasury-department, #frauds-and-swindling, #international-consortium-of-investigative-journalists, #jpmorgan-chasecompany, #money-laundering, #regulation-and-deregulation-of-industry, #standard-chartered-bank-plc