Category: News

May 20, 2022

In 2021, The Financial Times sampled companies’ “Flexibility Factor”, a measure of the extent to which businesses are allowing employees to decide where they work once pandemic conditions ease, and established some broad trends. In no real surprise, tech firms […]

May 19, 2022

“Capital One’s hybrid future means that the significant majority of associates will spend meaningful time working both in-person and virtually,” Fairbank said. The bank first announced its “future as a hybrid work company” in June 2021, citing a company survey […]

May 17, 2022

JPMorgan Chase shareholders on Tuesday rejected the bank’s 2021 compensation plan for its six top executives — a proposal that included $52.6 million in option awards granted to CEO Jamie Dimon. The measure received 31% support — the lowest such […]

May 16, 2022

The Fed’s cash diary survey is conducted annually to collect data on U.S. consumer shopping and payment behaviors, with supplemental surveys added in the past two years to chart the impact of the COVID-19 pandemic. The report issued this month […]

April 21, 2022

Bank of America said it will make all of its plastic credit and debit cards from recycled material beginning next year. All of the cards, which will feature a recycling logo, will be manufactured using at least 80% recycled plastic, […]

April 20, 2022

Ever since Russia sent troops into Ukraine nearly two months ago, China has refused to join the U.S. and Europe in condemning the Kremlin’s actions or imposing economic sanctions, with officials pledging instead to maintain “normal business ties” with Russia. […]

April 5, 2022

As JPMorgan follows Western directives in implementing sanctions against Russia, Dimon said he is not worried about direct exposure to the invading nation. However, the U.S.’s largest bank “could still lose about $1 billion over time,” he wrote Monday. That’s […]

March 31, 2022

JPMorgan Chase reported Tuesday that it transferred 398,708 shares of company stock to CEO Jamie Dimon last week. The shares — part of Dimon’s 2018 compensation package — have a value of nearly $56 million, Bloomberg reported. That’s more than […]

March 28, 2022

Goldman Sachs’ big asset-management arm will take a harder line in voting on directors at companies that do not disclose enough about their greenhouse gas emissions, an executive said on Thursday, adding to the pressure on business leaders to provide […]

March 24, 2022

The president of UBS Americas said the Swiss bank expects about 10% of its U.S. employees to work remotely full time once it implements a new flex work program. The rollout of the plan will come in phases, beginning in […]