JPMorgan Chase pays $250 million penalty over weak controls in its wealth management division
It was the second time in two months that the bank agreed to pay a massive settlement to U.S. regulators over how it conducts business.
World Council of Credit Unions moves annual event to online
The group is just the latest industry organization to already alter plans for a gathering scheduled for 2021.
Don't cry to mother if rates freebie comes back to bite
Pets at Home joins supermarkets and B&M in opting not to repay rates relief despite staying open during Covid crisis
Here’s another name to add to the list of retailers who will keep their relief on business rates – thanks very much, dear chancellor – even though their stores were open during lockdown.
It’s Pets at Home, which joins all the big supermarket chains and discount merchant B&M in the brazen bracket. There were mitigating factors in Pets at Home’s case – for example, it stopped the sale of pets for a while to discourage outings to its “free zoos” – but a 5% rise in half-year revenues says help from the public purse wasn’t necessary.
Knight-Bagehot application for 21-22 is now open
The 2021-22 application for a Knight-Bagehot Fellowship at the Columbia University Graduate School of Journalism is now open. The deadline for completing the application, in its entirety, is Jan. 31, 2021. The Knight-Bagehot Fellowship...
The post Knight-Bagehot application for 21-22 is now open appeared first on Talking Biz News.
JPMorgan is not 'overly optimistic' on the value rally
Patrik Schowitz from J.P. Morgan Asset Management discusses why he believes the value rally will be capped.
Why Citi and Seattle Bank joined Google Pay
The megabank and community bank recently announced they’re offering accounts through the payment app. Both gave similar reasons: They need big tech to help them attract new customers.
Bank of England policymaker warns of 'pandemic hangovers', as private sector shrinks – as it happened
Rolling coverage of the latest economic and financial news, as the UK Treasury Committee questions the Bank of England
Earlier:
- US private sector growth hits five-year high
- Analyst: World should ‘jump for joy’ over AstraZeneca vaccine
- UK PMI shows economy shrinking this month
- Oxford/AstraZeneca vaccine offers up to 90% efficacy
7.04pm GMT
Time to wrap up.
Obviously it’s better to have a vaccine than not, but those are hangovers from the pandemic even as and when there is an effective vaccine, which I suspect will weigh on the economy for some time.
Speaking personally, it felt like the first time in eight or nine months that there is some lights coming at the end of the tunnel.
I have … Read the rest
CoStar hires Crain’s Chicago copy chief Narcisse
Real estate news service CoStar has hired Crain’s Chicago Business copy chief Danielle Narcisse. Her first day was Monday. Narcisse has been at Crain’s Chicago since September 2006, first as a copy editor and then...
The post CoStar hires Crain’s Chicago copy chief Narcisse appeared first on Talking Biz News.
Boom times have returned for venture-backed start-ups, says co-founder of $3 billion fintech Brex
In the middle of a pandemic that left millions of Americans unemployed, boom times have returned for start-ups, says 25-year old co-founder Henrique Dubugras.
Fed to return lending-backstop funds to Treasury as requested
The move comes a day after the Federal Reserve had balked at the Treasury Department’s demand that it return funds meant for pandemic relief that have so far gone unused.