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US lender boosted by increases in interest income and fees
Extent of the fallout has caused surprise but there is optimism for a return to normal in a few months
Uncertainty at the top of two of the biggest banks in the world is not a good look
Brian Moynihan, Jamie Dimon and James Gorman buck trend of shorter tenures at US companies
Loans to fund buyout of chicken producer Sanderson Farms will be pegged to new Sofr benchmark
Move comes as other Wall Street executives also seek extended tenures
QR codes replace service staff and experts worry the shift could be permanent
Internal staff account for more than 80% of new hires at technology and operations unit
Hard-charging Tom Montag to depart at end of year along with vice-chair Anne Finucane
Low interest rates and shrinking loan books continue to weigh on big global banks
Morgan Stanley, Goldman Sachs, JPMorgan and BofA increase payouts after Fed loosens restrictions
Our top 20 general counsel show legal teams can guide on issues from sustainability to digitalisation
Legal roles in the Bush administration during 9/11 and at Ford in the financial crash taught the US bank’s GC to be nimble in a crisis
Plus, an update from the BIS Green Swan conference, sustainability bubble fears may be overblown, a new ESG fund from originator of ‘womenomics’
Citigroup, Wells Fargo and BofA CEOs among attendees at fiery Senate hearing
By comparison, this week’s crypto-mania is almost a side show
Lender announces $25bn share buyback programme after ‘exceptional’ first three months
Outlook for the sector is increasingly bullish as economic recovery takes hold
Sharp price rise has prompted investment banks to weigh in on cryptocurrencies
First Citi now BofA with the crypto nonsense.
Mayhem that left state without power produces hundreds of millions of dollars in revenue
Q4 earnings drew a line between the haves and the have-nots in a year unlike any other for investment bankers
Gulf between standalone investment banks and those exposed to consumer lending
Loan demand remains sluggish, but chief executive Brian Moynihan sees signs of a recovery
Turbulence raises fresh questions on whether mainstream investors will hop on board