Tuesday Headlines: SEC set to get tougher on Wall Street
Wall Street Journal: SEC Signals a More Aggressive Stance Toward Wall Street New York Post: Robinhood CEO admits communication failure in GameStop saga CNBC.com: Chase doubles…
Friday’s Headlines: Feds said to be probing GameStop traders
New York Post: Feds reportedly probing traders behind GameStop frenzy Wall Street Journal: Bitcoin to Come to America’s Oldest Bank, BNY Mellon CNBC.com: Fed’s Harker says…
Banks’ coming productivity boom?
Banking executives might learn something from this. As the distribution of retail goods has shifted from store-based to online, the productivity of retail employees has soared.…
Thursday Headlines: Powell says easy money policy will remain
Wall Street Journal: Fed’s Powell Signals Easy Money Policies to Remain in Place for a While Financial Times: US banks push Fed for extension of Covid…
Wednesday Headlines: NYSE chief warns New York on proposed stock transfer tax
Reuters: NYSE chief warns it may exit New York if stock transfer tax is imposed Financial Times: Dimon and other business chiefs meet Biden at White…
Tuesday Headlines: Richmond Fed’s Barkin dismisses inflation threat
Financial Times: Senior Fed official shrugs off inflation risks from stimulus plan Wall Street Journal: Malls Spent Billions on Theme Parks to Woo Shoppers. It Made…
A narrowing is overdue
This can’t—and won’t—last forever. On the one hand, the financials’ weighting in the S&P 500 has now fallen by so much that it’s as low as…
Encouraging words from Jane Fraser
Here’s incoming Citi CEO Jane Fraser, in American Banker last month: What we are looking at, at the moment, is much more around what we want…
Monday Headlines: Long-term yields hit year-long high on inflation fears
Bloomberg: Yellen, Summers Spar About Overheating Risk in Stimulus Plan Financial Times: US long-term interest rates hit highest level in a year on stimulus impact Bloomberg:…
Friday Headlines: Credit Suisse cashes in on SPAC boom
Wall Street Journal: Led by ‘Mr. SPAC,’ Credit Suisse Cashes In on Blank-Check Spree Bloomberg: Libor Exit to Cost Global Banks $100 Million Each This Year…