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...Workers at a Wells Fargo bank branch in Albuquerque on Wednesday voted to form a union, making them the first employees of a major US bank to unionise in the latest sign of the resurgence of the labour movement...
...Larger banks such as JPMorgan Chase, Bank of America and Wells Fargo also saw their profits fall in the final quarter of 2023....
...Well, since then, the chief executive has been replaced, a board member resigned, a new chief risk officer and audit chief have been hired, Moody’s has downgraded the bank’s debt to junk, and the bank has...
...It’s under review by officials at the US Treasury, and the European Central Bank has also mounted pressure for the bank to pull out of Russia. Raiffeisen itself seemed surprised by the findings....
...Lawyers in the case believe it is the first time a European bank has been sued under the Racketeer Influenced and Corrupt Organizations Act — more commonly known as Rico....
...He was a day-one investor in venture capital giant Sequoia Capital, as well as other leading private capital groups including Benchmark Capital and Hillhouse Investments....
...JPMorgan was already the biggest bank in the US by assets, by deposits, by headcount. But they really managed to open up a sizeable lead over peers like Bank of America, Wells Fargo and Citi....
...The latest bank looking to crack into private credit is Citigroup. It follows the likes of JPMorgan Chase, Barclays, Rabobank, Wells Fargo, Société Générale and Deutsche Bank....
...He will join the panel on a two-year secondment from the bank beginning in May. Wells Fargo has named Doug Braunstein as a vice-chair....
...Investors cheered, with shares in US Steel rising 26.1 per cent the day it was announced. But the merger is opposed by the United Steelworkers labour union....
...The bank’s profits rose 28 per cent in the first quarter, buoyed by its hallmark trading business....
...Several banks, including Morgan Stanley, JPMorgan and Standard Chartered, have also issued debt in the first quarter....
...But in a surprise move on Monday, Citigroup announced Raghavan was joining it as the new head of banking, where he’ll oversee investment banking as well as Citi’s corporate and commercial banking operations...
...as the largest US bank by almost every measure....
...As such, tech companies with founder bosses as well as PE-backed companies, he said, may be suddenly more reluctant to subject themselves to the constraints of Delaware law and could then domicile in the...
...While we all sort of know intuitively that our politics are captured by corporate interests, it’s difficult to get the public galvanised around this....
...(FT) Allen & Overy rolls out AI contract negotiation tool in challenge to legal industry (FT) Wells Fargo branch workers vote to form union in a first for major US bank (FT) Barclays agrees deal to stay...
...So there are also other historical grievances that come up, even going back as far as the Afghan war that the Soviet Union fought in the 80s....
...Henry Foy It’s one of a slew of measures and certainly a direction of travel here that Brussels is toughening up in its response to Beijing and what it sees as unfair trade practices....
...He also sent a signal to the corporate elite that it was open season on unions. Then trade deals sent a lot of union jobs overseas....
...“Most importantly, they should cut interest rates as well because interest rates are still very high,” Fang said through a translator, adding that high interest rates would “stifle consumption”....
...Other buys have included UK cosmetics maker Charlotte Tilbury and cult Swedish brand Byredo, as well as Jean Paul Gaultier and Dries Van Noten....
...The European Central Bank should by now have direct power over it through its Single Supervision Mechanism; its assets are well above the €30bn threshold, and some of the “importance” criteria may well be...
...Tesla’s board is asking investors to vote at its June annual meeting on a deal that could hand Musk shares worth $48bn, as well as the decision to shift the electric-car maker’s incorporation to Texas....
...capability centres, including a 30,000-person unit for American bank Wells Fargo....
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