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Morning Scan: JPM's 3Q Revenue Weakness; Reasons for Dismantling GE Capital

10/14/15

Receiving Wide Coverage ...

An Ominous Sign: JPMorgan Chase's third-quarter results do not bode well for the rest of the banking sector. Revenue fell in all of JPMorgan's major businesses, dropping at a faster rate than analysts had projected. Trading was down, as was asset management, mortgage banking, commercial banking and consumer banking. Sluggish results were expected, because of the current interest rate environment, according to the "Heard on the Street" column. Any progress in the...

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Morning Scan: Barclays Eyes Ex-JPM Banker Staley for CEO; Weak Bank Earnings Forecast

10/13/15

Receiving Wide Coverage ... Is Staley the Choice of Barclays? Barclays will name Jes Staley its chief executive, as yet another former JPMorgan Chase banker is tapped to lead a financial-services institution. Unnamed sources told the Wall Street Journal, New York Times and Financial Times that Staley will be appointed in the next two weeks, pending regulatory approval. Â...

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Morning Scan: Fed Has Inflation Concerns; Deutsche Bank's Goodwill Woes

10/09/15

Editor's note: Morning Scan will not publish on Monday, Oct. 12 in observance of the Columbus Day holiday. WeÂ'll be back on Tuesday, Oct. 13. Receiving Wide Coverage ... The FedÂ's Frenzy: The Federal Reserve released the minutes from its latest meeting, which gave observers clues as to why it decided not to raise interest rates. One of the big reasons Fed officials cited, according to the Wall Street Journal, was a concern that inflation is stillÂ...

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Women in Banking: Yastine's Next Chapter; Porat's Loan Warning

10/08/15

Buyers of securitized loans sue Lynn Tilton, the Pittsburgh Home Loan bank's Kristina Williams advises women executives on leveling the playing field, ex-Ally Bank chief Barbara Yastine joins a wealth management firm and Google's Ruth Porat warns about the economic threat posed by mounting student loan debt.

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How to Create a Bank Culture Where Women Can Thrive

10/08/15

The success of any organization depends on its ability to foster an environment that is open and inclusive, allowing diverse individuals to share insights and experiences that make the company stronger.

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Morning Scan: Industry Awaits Fed Meeting Minutes; LoopPay Hacked

10/08/15

Receiving Wide Coverage ...

Anticipating FOMC Minutes: Observers and markets eagerly await the release Thursday afternoon of the minutes from the Federal Open Market Committee meeting last month. While the meeting resulted in no change in interest rates, many expect details of the conversation to offer clues as to when they may raise rates, the Wall Street Journal reports. In particular, some think the meeting's notes may reveal the decision to keep rates unchanged was a...

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Morning Scan: CFPB Oversight, Arbitration Rules; Pandit's Latest Fintech Venture

10/07/15

Receiving Wide Coverage ...

Pandit's Adventures in Fintech: Vikram Pandit has taken a stake in money transfer startup TransferWise. The ousted Citigroup executive has made a number of ventures in the fintech space since he left Citi in 2012, the Wall Street Journal says, including in marketplace lending startup Orchard Platform and student lending platform CommonBond. The exact value of his investment was not disclosed. TransferWise allows users to send and receive money at lower costs...

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Why Gender Quotas Won't Help Women in Banking

10/06/15

Women in banking and finance face plenty of obstacles in their efforts to ascend to senior positions. But quotas only serve to reinforce the assumption that women are less capable and talented than their male counterparts.

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Morning Scan: Fed Banks' Payouts; Cutting Coal Mining

10/06/15

Receiving Wide Coverage…

U.K. to Sell $3B Stake in Lloyds: The British government is planning to sell its stake in Lloyds Banking Group as it prepares to exit its ownership of the lender next spring. Proceeds of the sale will be used to pay down national debt, the Treasury has said. About $3 billion of shares are being offered to the general public at a 5% discount, and there will likely be a sale to institutional...

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Morning Scan: Bernanke's Memoir, Banker Deaths Scrutinized

10/05/15

Receiving Wide Coverage...

Ben's Book Tour: Ben Bernanke's memoir detailing his role in America's response to the financial crisis, titled "The Courage to Act," is set to be released Monday. While reviews have yet to come out, the book received some criticism for its debatably hyperbolic title when it was announced in April. ...

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