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...Part of the problem is that ESG funds often try to address too many factors at once, says Brad Lander, who runs New York City’s $248bn in pension funds, leading to “a loss of clarity and strategic attention...
...In 2021, JPMorgan’s board of directors awarded Dimon a retention bonus that would tie him to the bank until at least the middle of 2026....
...In his annual letter to shareholders, the head of the largest US bank by assets said JPMorgan had plans for interest rates going above 8 per cent and as low as 2 per cent....
...In 2019, Dimon tapped Piepszak to become chief financial officer of the whole bank before promoting her to run the Chase business alongside Lake. Internally, they’ve tried to present a united front....
...JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector to emerge even more dominant....
...But BetterMed is not on a list of licensed lenders or mortgage brokers in the province of Ontario. The New York Department of Financial Services also has no registration for BetterMed....
...Smart reads Bad investments After Peter Doelger’s $50mn fortune fell to a fraction of that amount under JPMorgan Chase’s management, the bank claimed it was acting on his wishes to take risks....
...of New York Mellon Q4, BlackRock Q4, Citigroup Q4, Delta Air Lines Q4, HCL Technologies Q3, JPMorgan Chase Q4, UnitedHealth Q4, Vistry trading update, Wells Fargo Q4, Wipro Q3, Wood Group Q4 trading update...
...It is standard pay practice for a newly named CEO of a Wall Street firm to get a large stock grant as they step into the role. It is less typical, however, to see similar awards to other executives....
...He has promised to step down by May 2024 and the bank’s board of directors, which Gorman chairs, is selecting his successor from a trio of internal candidates who each lead one of Morgan Stanley’s three...
...packages of loans made to risky companies....
...A year ago Bobby Jain, a top executive at Millennium Management who was regarded by many at the hedge fund as a potential successor to Izzy Englander, abruptly departed....
...Bank of New York Mellon’s second-quarter net interest income of $1.1bn was up 33 per cent year on year but 2 per cent lower than in the first quarter....
...The industry is in the middle of a fundraising crunch as many institutions have pulled back from new commitments as they wait to receive cash back from previous investments....
...People close to the company said the new technology could be deployed as early as next month to interact with Meta’s nearly 4bn users....
...When Gorman steps down as chief executive, Morgan Stanley is expected to select his successor from a trio of internal candidates, Ted Pick, Andy Saperstein and Dan Simkowitz, each of whom run one of Morgan...
...The internal JPMorgan report from 2019, filed to a New York court on Tuesday, found that “Jeffrey Epstein appears to maintain a particularly close relationship with Prince Andrew the Duke of York and Lord...
...JOSHUA FRANKLYN: What is today Citigroup started all the way back in 1812 as First National Citi Bank in New York....
...Beam Suntory (FT) How Austria’s political elite helped René Benko’s rise (FT) Punchbowl News strikes deal to buy data start-up (New York Times) Country Garden sells Chinese mall stake as developer tackles...
...A notable exception was Bank of America, where the percentage of shareholders voting at the annual shareholder meeting last month dropped to 69 per cent from 95 per cent a year earlier....
...For instance, the Dreyfus Money Market Fund, which is part of Bank of New York Mellon, has some $2.4bn in assets under management. It’s been around for 41 years....
...In 2021, JPMorgan made a series of executive changes seen as preparing potential successors to Dimon, who has the backing from JPMorgan’s board to remain in the job for several more years....
...James Gorman plans to step down as chief executive of Morgan Stanley within the next year after more than a decade at the top of the Wall Street bank he turned into a wealth management juggernaut....
...For the two longtime JPMorgan executives it will be a chance to burnish their leadership credentials. Both have been tipped to be potential successors to Dimon, who has led the bank since 2005....
...In 2017, Ganieva moved back to New York on a student visa, just as America began the most far-reaching social reckoning since the civil rights era....
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