Many on Wall Street regard John Waldron as heir apparent to David Solomon. But a coronation may lead to an exodus of talent
Payouts for 250 senior staff reduced as lender strains to boost returns and improve compliance function
Everything’s fantastic and nobody’s happy
Quartet collectively received $126.5mn for their work in 2024 as overall employee remuneration rose more modestly
Champion of light regulation expected to be welcomed by Wall Street
Fast-growing buy now, pay later arrangements are cutting into banks’ highly profitable credit card divisions
Incident comes as US bank seeks to assuage regulatory concerns over its risk management processes
Move by Wall Street bank comes as increasing number of groups bypass traditional debt markets
Blistering critique by JPMorgan’s chief of remote work and bureaucratic bloat resonates in banking
Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to pay over £100mn
Trump’s return to the presidency has sharpened criticism of diversity, equity and inclusion programmes
Experts warn tariffs and stubbornly high interest rates could worsen debt distress in 2025
US bank was alone among its peers in declining to break down lending by borrower type
CEOs at US bank’s Wall Street rivals were given heftier pay packages
Billionaire’s close ties to re-elected US president have piqued investors’ interest
Wall Street bank is latest major US company to roll back DEI initiative
Much ado about netting
What we do in the shadows
Both JPMorgan and Evercore generated more financial advisory fees last year than Ted Pick’s bank
Wall Street bank’s move to retain top staff follows sweeping restructuring to boost profitability
Deal will allow lenders to exit one of the toughest merger-finance transactions in recent years
Bank says staff can work from home two days a week as rivals and Trump administration want workers at desks
1869 scheme will invest in Wall Street bank’s private market vehicles
The decade-long battle between Perella Weinberg and a former partner has reached a public trial
Sale to Armenian investment fund comes almost three years after US investment bank pledged to leave
