Clik here to view.
Wells Fargo slashed CEO Charles Scharf's pay by around 12% last year
Summary List PlacementWells Fargo CEO Charles Scharf took about a 12% pay cut in 2020, earning $20.3 million, according to a regulatory filing disclosure.Scharf's annual pay dropped from $23 million in...
View ArticleClik here to view.
Big banks, including Deutsche Bank and Bank of America, are testing employees...
Summary List PlacementMajor banks worldwide have launched COVID-19 testing programs in order to enable return to work for some employees during the pandemic.Some banks are offering their staff...
View ArticleClik here to view.
Wells Fargo jumps as the bank reportedly gets Federal Reserve approval for...
Summary List PlacementWells Fargo stock surged to its highest point in 2021 on Wednesday following a report the Federal Reserve has indicated approval for the bank's overhaul plan, keeping the company...
View ArticleClik here to view.
A botched wire transfer resulted in 'one of the biggest blunders in banking...
Summary List PlacementA federal judge ruled Tuesday that Citigroup will not be able to recoup half a billion dollars of its own money that accidentally sent to Revlon creditors in a financial...
View ArticleClik here to view.
Walmart has reportedly lured away two Goldman Sachs bankers to help lead its...
Summary List PlacementAs Walmart looks to launch a fintech startup, the retailer is turning to Wall Street veterans to help it move into the banking world.Walmart Inc. has picked up two senior bankers...
View ArticleClik here to view.
Jack Dorsey's Square kickstarts in-house banking services nearly a year after...
Summary List PlacementJack Dorsey's Square has launched a banking arm to "operate more nimbly."Utah-based Square Financial Services aims to offer business loans and deposit products.The bank will first...
View ArticleClik here to view.
Wells Fargo is joining JPMorgan and Bank of America in giving staff up to 8...
Summary List PlacementWells Fargo has become the latest bank to encourage all employees to get COVID-19 vaccines by granting paid time off for their appointments, Reuters first reported.The bank will...
View ArticleClik here to view.
Revolut is operating as a bank in 10 Central European countries, and hopes to...
Summary List PlacementRevolut has started operating as a bank in 10 Central European countries.Using a license issued in Lithuania, Revolut Bank will operate in Bulgaria, Cyprus, Croatia, Estonia,...
View ArticleClik here to view.
HSBC has closed its main office in Hong Kong after an outbreak of COVID-19 at...
Summary List PlacementHSBC closed its main office in Hong Kong until further notice on Tuesday after three people working there tested positive for COVID-19.The region's Centre for Health Protection...
View ArticleClik here to view.
Credit Suisse is overhauling its asset management business and has suspended...
Summary List PlacementCredit Suisse is overhauling its asset management business as it faces regulatory investigations into its dealings with Greensill Capital, warning on Thursday that its results and...
View ArticleClik here to view.
Here's the simple 5-step COVID-19 questionnaire Wells Fargo is using to...
Summary List PlacementWells Fargo requires all of its employees to fill out a five-step COVID-19 questionnaire before they return to the office, a spokesperson told Insider.Staff must complete this...
View ArticleClik here to view.
Goldman Sachs bosses reportedly sent snack boxes to junior staff after a...
Summary List PlacementBosses at Goldman Sachs sent snack boxes to London bankers in response to a survey in which junior staffers described "inhumane" working conditions at the bank in the US, The...
View ArticleClik here to view.
Canada's biggest bank is giving staff a subscription to meditation app...
Summary List PlacementRoyal Bank of Canada is giving its employees an extra paid day off this year to avoid burnout from the COVID-19 pandemic — as well as a one-year subscription to the meditation and...
View ArticleClik here to view.
Morgan Stanley handily beats first-quarter trading and investment-banking...
Summary List PlacementMorgan Stanley's first-quarter earnings report beat analyst estimates in every major category, but the strong results were overshadowed by a $911 million loss tied to the...
View ArticleClik here to view.
HSBC scraps individual offices for execs and tells them to 'hot desk' instead...
Summary List PlacementHSBC has moved top managers out of their individual offices in the bank's London headquarters as part of its post-pandemic working plan, and is asking them to share desks...
View ArticleClik here to view.
Out of 1,548 Goldman Sachs US executives, 49 are Black
Summary List PlacementGoldman Sachs said on Tuesday that out of its 1,548 senior executives in the US, 49 were Black.Out of those 49 Black executives, 25 were Black women and 24 were Black men,...
View ArticleClik here to view.
JPMorgan could make its first bitcoin fund available to private rich clients...
Summary List PlacementJPMorgan is in the process of offering an actively-managed bitcoin fund to its private wealth clients for the first time, CoinDesk reported on Monday.The fund could roll out as...
View ArticleClik here to view.
Deutsche Bank says it will let staff work from home 3 days a week when...
Summary List PlacementDeutsche Bank plans to let staff work from home for up to three days a week, in a move towards more flexible working.James von Moltke, Deutsche Bank's chief financial officer,...
View ArticleClik here to view.
Goldman Sachs plans to get US staff back in the office by mid-June, according...
Summary List PlacementGoldman Sachs is planning to get US employees back to the office by mid-June, Bloomberg reported Tuesday, citing people with knowledge of the matter.The bank has not yet informed...
View ArticleClik here to view.
Here are 6 finance giants, including Deutsche Bank and Citigroup, which are...
Summary List PlacementVanguardVanguard Group is the latest bank to adopt a hybrid work model as it prepares to send staff back to the office, Bloomberg first reported on Tuesday.Most of its...
View Article