Emily Flitter
Posts
Citigroup’s Consumer Bank in Russia Was for Sale. Now It’s Just Closing.
The bank will wind down its retail and local commercial banking services in the country by closing branches and laying off workers.
Anshu Jain, Who Took Deutsche Bank to Wall Street, Dies at 59
As co-chief executive, he helped remake the German company into an investment banking power but stepped down after the complex activities he pushed caused regulatory...
Wells Fargo Revives Policy That Led to Fake Job Interviews, With Tweaks
The bank will reinstate a requirement to assemble a “diverse slate” of job candidates while adding flexibility, according to an internal memo.
Berkshire Hathaway-Owned Lender Pays $20 Million in Redlining Case
Trident Mortgage Company discouraged minorities in Philadelphia from applying for home loans, the authorities say.
How Wall Street Escaped the Crypto Meltdown
As cryptocurrency prices plunged and funds failed, strict rules on risky assets helped Wall Street companies sidestep the worst. Retail investors weren’t as lucky.
Fed Stress Tests Show Banks Can Withstand Severe Recession
The annual tests hold new significance as inflation persists and signs of a coming downturn continue to accumulate.
Nigeria Sought a $1.7 Billion Refund From JPMorgan. A London Judge Said No.
Lawyers for the country’s government tried to convince a court that the bank had violated its duty to protect Nigerian funds from fraud.
Federal Prosecutors Open Criminal Inquiry of Wells Fargo’s Hiring Practices
Authorities are investigating whether the bank violated federal anti-discrimination laws by conducting sham interviews of minority candidates.
Wells Fargo Announces ‘Pause’ of Policy That Led to Fake Job Interviews
The bank’s leaders will study how its “diverse slate” requirement is being carried out and what needs to change before restarting it in July.
Ruger shareholders vote for a study of gunmaker’s impact on human rights.
It’s not clear whether Ruger, one of a small number of public gun manufacturers, will implement the nonbinding proposal.