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JPMorgan sees productivity decline for staff working from home
PRACTICE MANAGEMENT SEP 15, 2020
JPMorgan sees productivity decline for staff working from home

Employees' output was particularly affected on Mondays and Fridays, CEO Jamie Dimon told analysts in a private meeting

Steve Cohen strikes deal to buy New York Mets
ALTERNATIVES SEP 15, 2020
Steve Cohen strikes deal to buy New York Mets

The billionaire hedge fund manager rooted for the team while growing up on Long Island

Biden tax plans mean bigger bills for millionaires
RIA NEWS SEP 14, 2020
Biden tax plans mean bigger bills for millionaires

The Democratic presidential candidate's proposals would have little effect on the taxes paid by those earning less than $400,000 a year

Goldman, Deutsche say stock sell-off may be nearing an end
EQUITIES SEP 14, 2020
Goldman, Deutsche say stock sell-off may be nearing an end

The magnitude of the recent slide matches a 'typical' sell-off in the S&P 500 since the financial crisis

UBS chairman explores merger with Credit Suisse: Report
WIREHOUSES SEP 14, 2020
UBS chairman explores merger with Credit Suisse: Report

Such a deal would create one of Europe's largest banks at a point when the industry is under pressure to consolidate

America’s $20 trillion debt pile is getting cheaper
FIXED INCOME SEP 11, 2020
America’s $20 trillion debt pile is getting cheaper

The U.S. deficit has ballooned in recent months, but the decline in interest rates has cut the cost of servicing the debt

JPMorgan tells senior traders to return to office by Sept. 21
RIA NEWS SEP 11, 2020
JPMorgan tells senior traders to return to office by Sept. 21

The new order applies to managing directors and executive directors who oversee subordinates

Citi names Jane Fraser CEO
PRACTICE MANAGEMENT SEP 10, 2020
Citi names Jane Fraser CEO

She will succeed Michael Corbat and become the first woman to run a major global bank

UBS suggests wealth clients opt for sustainable investing
WIREHOUSES SEP 10, 2020
UBS suggests wealth clients opt for sustainable investing

Firm says ESG portfolio can provide similar or better results than traditional investments

UBS will boost fees to get clients out of costly cash
WIREHOUSES SEP 09, 2020
UBS will boost fees to get clients out of costly cash

Firm is trying to reduce cash holdings amid persistently negative interest rates