JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
JPMorgan Chase created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street firms to examine how they treat their youngest employees.
Wall Street CEO Peter Orszag downplays worries about junior bankers’ long hours: ‘Interesting work’
Orszag, a Democrat party kingmaker and donor, said fresh-faced financiers enjoy the buzz of “working on important things” such as money-spinning M&A deals.
Wall Street Curbs Young Bankers’ Hours After Overwork Outcry
JPMorgan is adding an 80-hour weekly cap and Bank of America is revamping timekeeping after a Wall Street Journal investigation highlighted investment banking’s work-obsessed culture.
JPMorgan takes on Wall Street's overwork concerns with new role, memo shows
JPMorgan Chase has created a new role that will oversee its junior bankers and analysts amid a focus to tackle the persistent problem of overworking on Wall Street. Ryland McClendon, a near 14-year JPMorgan veteran,
JPMorgan (NYSE:JPM) Is Concerned About Junior Bankers’ Workloads; CEO Comments On Rate Cuts
Unexpected news arose from banking giant JPMorgan ($JPM) today, as it revealed a concern about junior bankers and their overall workload. As a
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Are Wall Street banks underestimating a key risk metric?
Some of Wall Street’s biggest banks may be underestimating a risk metric that shows how they’ll fare in a world that’s rapidly being transformed by higher temperatures, extreme weather ...
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Wall Street Banks Finally Cap Hours for Overworked Bankers: Is It Enough?
In the past few months, Wall Street’s largest banks have been scrutinized for their long-standing culture of forcing junior employees to work long hours. The death of a 35-year-old Bank of ...
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Federal Reserve Waters Down Plan To Hike Capital Requirements For Big Banks Amid Wall Street Lobbying Efforts
The Federal Reserve Board’s Vice Chair for Supervision, Michael Barr, announced on Tuesday in a speech that the Fed was ...
Wall Street soars to records in a rate-cut rally that swept the world
Wall Street's gains followed rallies for markets across Europe and Asia after the Federal Reserve delivered the first cut to ...
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Wall Street
A 42-year-old vice president at a Wall Street bank in New York City spends time during his workday focused on his side hustle, a male revue show. Wall Street has a lot at stake in this ...
Wall Street Turns Skittish on Eve of Rate Cuts
Bond investors are suddenly bracing for a downturn, while equity investors appear more sanguine.
Wall Street will try to make Donald Trump suffer a fate like Liz Truss’s, warns JD Vance
Wall Street will try to bring down Donald Trump, like the Bank of England sank Liz Truss’s government, JD Vance has warned.
Most of Wall Street edges lower after Fed delivers a big cut to rates
Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a ...