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Jefferies tech banker dies aged 28

Information on the post explaining the problem that a young high -tech banking family, who was flying with Boutique investment company Jeffreies, died on weekends. According to the LinkedIn page, the 28 -year -old CARTER Mcintosh joined the bank's Dallas office in September 2023 as an associate. The 28 -year -old Macintosh joined the bank […]

JPMorgan sets up ‘Trump War Room,’ top banker tells Davos

Wall Street giant JPMorgan has set up a “war room” for Donald Trump, one of its executives has revealed, as the 47th president returns to the White House and announces a flurry of new policies. The bank's head of wealth and wealth management, Mary Erdoes, said at the World Economic Forum in Davos, Switzerland, an […]

Pulaski Savings Bank fails, Millennium Bank assumes deposits – American Banker

Pulaski Savings Bank, a Chicago-based community bank with $49.5 million in assets, was shut down Friday by the Illinois Department of Financial and Professional Regulation. The Federal Deposit Insurance Corporation was appointed receiver, and all of the bank's $42.7 million in deposits were transferred to nearby Des Plaines Millennium Bank in Illinois. “Millennium Bank has […]

Truist's COO, who oversaw strategy revamp, to retire – American Banker

Trust Financial said Monday that its chief operating officer is stepping down and the bank will not be looking for a replacement. This is the latest step in a long-standing strategy review to simplify operations. Hugh S. “Bo” Cummins III, a longtime Trust executive who assumed the newly created role of chief operating officer in […]

Goldman Sachs banker fired after having second child wins UK unfair dismissal case

A London employment tribunal has ruled that a Goldman Sachs banker who was fired by the Wall Street giant while on maternity leave was unfairly dismissed. John Reeves, Goldman's former vice president of compliance who is suing for $5 million in damages, said he was the victim of gender discrimination after being fired from the […]

Trump names billionaire banker Warren Stephens as envoy to Britain

President-elect Donald Trump has appointed billionaire investment banker Warren Stevens as special envoy to the United Kingdom. It's a prestigious post for Republican donors, whose contributions this year to a Trump-backed super PAC included $2 million. President Trump announced Monday evening in a post on his Truth social site that he would select Stevens to […]

Trump taps investment banker Warren Stephens for UK ambassador

President-elect Trump announced on Monday that investment banker Warren Stevens will become U.S. ambassador to the United Kingdom. “Warren has always dreamed of serving the United States full-time, and is thrilled to have the opportunity to serve as our top diplomat representing the United States to one of our most important and beloved allies.” ” […]

Citigroup slashes banker promotions in cost-cutting drive: report

Citigroup CEO Jane Fraser plans to cut the number of bankers receiving year-end promotions as the Scottish-born executive looks to cut costs, according to reports. The Financial Times reported on Tuesday that just 2,000 Citi employees could expect an early Christmas gift of a pay rise or senior title, down from 8,000 a year earlier. […]