JPMorgan taps senior banker to focus on ‘well-being and success’
JPMorgan Chase & Co. is focused on tackling persistent overwork issues on Wall Street, creating a new role to oversee junior bankers and analysts. Ryland McClendon, a nearly 14-year JPMorgan veteran, has been named global investment banking associate and analyst lead, according to an internal memo sent earlier this month and seen by Reuters on […]
Citi tasks ex-PwC leader with overseeing data quality improvement team – American Banker
Citigroup The company is adding another person to oversee improvements to its data quality control processes, which regulators have cited as inadequate. Tim Ryan is City In June, he joined forces with Anand Selva as head of technology and business enablement. City Chief Operating Officer John F. Kelly will lead the data-boosting effort, according to […]
Top Wall Street rainmaker left Evercore after ‘affair’ with younger banker: sources
A top Wall Street dealmaker has left an elite New York investment bank after his bosses discovered he was having an affair with a younger colleague on his team, The Washington Post has learned. Adam Teitle has resigned as a senior managing director at Evercore, which was founded by Democratic Party leader Roger Altman, following […]
Man shot outside $3M NYC home of ballet dancer, banker in South Harlem
Shots rang out next door to the Harlem mansion (worth approximately $3 million) shared by a ballet dancer and her banker husband. Sunday's shooting happened at 1:40 p.m. on West 118th Street in South Harlem, an area that real estate agents have dubbed “SoHa” and which is shaping up to be the next big boom […]
Powell ‘solely responsible’ for delays on banker compensation reform: Warren
Sen. Elizabeth Warren (D-Mass.) has grown increasingly frustrated with the Federal Reserve’s slow regulatory response and is calling on Fed Chairman Jerome Powell to step on the gas. Warren’s latest gripe is the banker-pay provisions of the Dodd-Frank reform law, which was enacted in 2010 after Congress bailed out the financial sector and required Wall […]
Goldman Sachs banker fired after pleading guilty to sexual assault
A Goldman Sachs banker was fired last month after his superiors learned that he had pleaded guilty in February to sexually assaulting his niece multiple times over a period of several years, beginning in 2004. Ronan O’Grady, 33, who has worked as a personal wealth adviser at Goldman’s London office since 2017, was sentenced to […]
New video reveals millionaire banker Jonathan Kaye was accosted by group before slugging woman at NYC pride event
Previously unseen footage has revealed new footage showing the moments before investment banker Jonathan Kaye punched a woman at a Brooklyn Pride event. Kaye, 52, turned himself in Monday and was charged with second- and third-degree assault stemming from the June 8 incident. A new video shared with The Washington Post by the victims’ lawyers […]
Manhattan banker arrested for alleged assault at Pride event
Man punches man at New York Pride event After a video showing a man punching a woman on the sidelines of a Brooklyn Pride event went viral, sources say there’s more going on than what’s shown in the 10-second video. (Credit: @hellosami/X) A man accused of punching a woman in the face during a Pride […]
What banks should know about SCOTUS' 'swipe fee' ruling – American Banker
Anna Rose Layden/Bloomberg Corner Post It’s a relatively remote gas station. Waterford CityA town in western North Dakota with a population of about 6,000, this town is the global center of North Dakota’s businesses. Financial Services, payment And many other industries Challenge Rules. of supreme court The Federal Reserve Board ruled 6-3 on Monday that […]
AOC wins Democratic primary over former Wall Street banker Marty Dolan
Rep. Alexandria Ocasio-Cortez won the Democratic primary on Tuesday, defeating a conservative-backed opponent. Members of the far-left “Squad” garnered enough votes to fend off a challenge from political newcomer Marty Dolan, according to the Associated Press, which reported the race’s victory less than 20 minutes after the polls closed at 9 p.m. Rep. Alexandria Ocasio-Cortez […]