national-regional

Morning Scan: Goldman's Good Deal; U.S. Banks Fear Brexit

04/12/16

Receiving Wide Coverage ... Devil's in the Details: Goldman Sachs has agreed to a $5.1 billion settlement to end the investigation into its role in the mortgage bubble and financial crisis. The FT says the deal failed to satisfy critics, citing one that called it Â"more of the same non-punishment, non-accountability ritualÂ" and said the bank should publicly disclose its profits and total investor losses from its misconduct. A look at the fine print of theÂ...

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Women in Banking: Goldman's Golden Girl; Hollywood Calls Out Wall Street

04/07/16

How an undocumented immigrant rose through the ranks at Goldman Sachs; why one bank embraced a highly unusual strategy (and why you may want to copy it); and what Ally Bank's Diane Morais and Bank of America's Andrea Smith are up to now. Also, a pot (Hollywood) calls out a kettle (Wall Street) for a lack of women in leadership roles, and a high demand for airline pilots could make for more female-friendly skies.

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Morning Scan: Citi's Bonus Plan Criticized; FOMC Minutes Suggest Caution

04/07/16

Receiving Wide Coverage ... Just Compensation?: Despite announcing planned changes to its executive pay scale, including capping incentive compensation, some corporate advisory firms say Citigroup isn't changing enough. Under CitiÂ's prior plan on performance-based awards, executive could earn more if Citi outperformed its peers, even if absolute shareholder returns were negative. Citi on Wednesday announced an update on that essentially says executives canÂ't earn bonuses if shareholders returns are negative, regardless of how well the bankÂ...

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Morning Scan: Fed Minutes Primer; How Will Sanders Slash Banks?

04/06/16

Wall Street Journal The paper suggests five things to watch for in the minutes from the Federal Open Market CommitteeÂ's March 15-16 policy meeting, due out Wednesday. Investors and analysts will attemot to parse the minutes for clues about future action. At the meeting, the central bank opted to maintain the current short-term interest rate. Â"The minutes could shed light on the FedÂ's internal debate over the inflation outlook, which will be a key factor inÂ...

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Morning Scan: BofA's Stress Test Team; Hedge Funds Sue Puerto Rico GDB

04/05/16

Wall Street Journal The paper profiles Andrea Smith, a human resources executive at Bank of America, who was tapped to lead its stress test submission, which is due Tuesday. BofA has fallen short on the test three of the past five years, and the bank has opted this year to employ a manager, not a numbers cruncher, to lead the team working to satisfy the complicated and controversial post-crisis regulation. The Charlotte, N.C., firm was theÂ...

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If a Meeting Isn't Going Well, Try These Tactics

04/04/16

When negativity threatens to stall progress, some surprisingly simple Â"little tricksÂ" can help resolve conflict and get employees more engaged, says Michelle Stacy, who spoke at a recent Pennsylvania Bankers Association conference.

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Morning Scan: Panama Papers; Tour de Kashkari; Citi Active Overseas

04/04/16

Receiving Wide Coverage Â... Panama Papers: The Australian Tax Office will investigate some 800 wealthy clients of a Panama-based law firm, Mossack Fonseca, after a leak of 11.5 million records that reveal detailed information about hundreds of thousands of clients Â-- including former world leaders, businessmen, celebrities, sports stars and criminals Â-- spanning from 1977 to last December. The German newspaper S ddeutsche Zeitung, Washington-based International Consortium of Investigative Journalists, and more than 100 global news organizationsÂ...

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Morning Scan: GE Wants to Drop SIFI Label; Bitcoin Founder Reveal?

04/01/16

Receiving Wide Coverage ...

MetLife's Floodgates: The day after a federal judge sided with MetLife in its case against federal regulators regarding their designating the insurer as systemically important, another non-bank has filed to end regulatory oversight. General Electric wants to do away with Federal Reserve oversight, arguing it has scaled down its financial-services arm to the point where it no longer could pose a threat to the overall financial system. If GE's request is approved,...

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Women in Banking: Ex-Lehman CFO on Gender Questions; More Paid Time Off

03/31/16

Did Lehman Brothers pick Erin Callan Montella for CFO at a desperate hour so that she could be the one to fall on the sword? Kelly Evans of "Closing Bell" suggests so. Are women focusing too much on performance? Carla Harris offers a more effective alternative. Also, Bank of America gives new parents more time off and an activist investor demands gender pay equality.

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