banks

Wall Street’s most-coddled generation is in for a rude office-return awakening

Wall Street’s most-coddled generation is in for a rude office-return awakening

The most coddled generation that Wall Street has ever encountered is about to find out what it means to really go to work. That is the word coming from the C-suites of the Big Banks — Morgan Stanley, JP Morgan and Goldman Sachs. The CEOs of these firms made their bones back in the day …

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Where Wall Street's mega banks stand on return-to-office policies

Where Wall Street’s mega banks stand on return-to-office policies

Late hours on Wall Street are part of industry lore, but in a post-pandemic world, banks are still hashing out official return-to-office policies. Earlier this week, moves by Goldman Sachs and Morgan Stanley to lift COVID protocols at their offices drew attention to the ambiguity around official RTO rules across financial institutions. While messaging from …

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Chinese borrowers pile pressure on banks with early mortgage payments

Chinese borrowers pile pressure on banks with early mortgage payments

Chinese residential property owners are rushing to pay off their mortgages early, heaping pressure on commercial banks that were already struggling to identify attractive lending opportunities. Several state bank managers told the Financial Times that branches in Beijing and Shanghai had experienced a 20 per cent increase in mortgage prepayments this year. Analysts said the …

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Citi projects UK inflation to breach 18% in January as energy prices skyrocket

Citi projects UK inflation to breach 18% in January as energy prices skyrocket

Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K. inflation is on course to exceed 18% in January as the country’s energy price cap enters the stratosphere, Citi economists are projecting. In a research note …

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Higher-income earners visit food banks and shop at Walmart as food inflation rises

Higher-income earners visit food banks and shop at Walmart as food inflation rises

Missouri Rep. Jason Smith speaks on how he believes everyday Americans view the Inflation Reduction Act on ‘The Evening Edit.’ Historically high inflation continues to affect Americans of all backgrounds including high-income individuals and families who have been driven to Walmart, food banks, and thrift stores as a result of the skyrocketing cost of groceries …

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EXCLUSIVE World Bank's IFC taps blockchain for carbon offsets

EXCLUSIVE World Bank’s IFC taps blockchain for carbon offsets

A tree that is about to be planted is seen during a reforestation project in Nova Mutum, Brazil, February 19, 2020. Picture taken February 19, 2020. REUTERS/Alexandre Meneghini/File Photo Register now for FREE unlimited access to Reuters.com Register IFC co-launches the Carbon Opportunities Fund Platform to help sell and track credits via blockchain Aims to …

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Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was …

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The DOT is proposing new protections for flyers, including cash refunds for canceled flights

The DOT is proposing new protections for flyers, including cash refunds for canceled flights

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. For decades, it has been notoriously difficult for travelers to get a refund from an airline …

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