Some JPMorgan traders catch Covid as bank reopens offices
Few other banks or financial companies had been as insistent about returning workers to the office
- September 15, 2020 September 15, 2020
- 16:05
Few other banks or financial companies had been as insistent about returning workers to the office
Most of the decline is tied directly to the pandemic
The five big Wall Street banks set aside more than $30B in Q2 to cover loans
The move comes as the central bank unveiled its latest stress tests
Several banks announced their profits sank
Morgan Stanley will acquire E-Trade's $360 billion in assets and 5.2 million customers as part of the merger
Wells Fargo was one of the last remaining U.S. big banks to settle charges related to its role in the subprime mortgage crisis
New report from the bank’s board finds that management “created pressure on employees to sell unwanted or unneeded products to customers”
John Stumpf will leave the firm immediately as the major American bank is embroiled in a scandal
The vast majority of respondents expect the increase to happen in December, not September or October