GSIBs

Fed offers details on additional bank stress test triggered by COVID-19

09/17/20

The agency has scheduled an extra assessment of institutions' strength to incorporate more recent economic data during the pandemic.

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Why some banks are aggressively cutting costs and others aren’t

09/15/20

Several companies said this week they’re slashing expenses as the economy limps along. Others would prefer to keep investing in new technologies and hold off on moves like branch closings to better gauge which changes in consumer behavior will stick.

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JPMorgan adds consumer bank CEO Duckett to leadership team

09/15/20

JPMorgan Chase added a half dozen executives, including Thasunda Brown Duckett, to its operating committee in the biggest expansion of its top leadership group in years.

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Citigroup to resume job cuts after pausing for pandemic

09/15/20

The reductions will affect less than 1% of Citi's global workforce, and with recent hiring the overall headcount probably won’t decline, the company said.

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Citi using Revlon snafu to fix risk management

09/14/20

Citigroup will establish new internal oversight guidelines, spend more on technology and take other steps to upgrade risk systems, CFO Mark Mason said at an industry conference in discussing the aftermath of the bank’s mistaken $900 million payment.

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Wells Fargo provides few updates on growth, cost-cutting plans

09/14/20

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

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No easing into the job for Citi’s Fraser

09/10/20

When Jane Fraser takes the reins of Citigroup in February, she will have to tackle the company’s cards slump, lagging performance metrics and challenges presented by employees’ return to the office.

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Citi promotes Carla Hassan to chief marketing officer

09/09/20

Citigroup named Hassan to the new role as part of a move to combine its marketing and branding divisions.

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Most loans in Fed's Main Street program exceed $1 million

09/08/20

Only one of the 118 loans bought by the Federal Reserve through Aug. 31 was close to the $250,000 minimum in the rescue program, aimed small to midsize businesses hurt by the pandemic.

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Wells Fargo gets top marks for COVID-19 safety

09/03/20

When it comes to branch cleanliness and mask-wearing, the San Francisco bank is more diligent than its rivals in helping to reduce the spread of coronavirus, according to a new study.

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