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Jamie Dimon pulled out the stops to lure bankers back into the office—and to incentivize them to stay late. JPMorgan Chase’s new $3 billion skyscraper on 270 Park Ave in Midtown Manhattan is packed with amenities designed to make full-time office workers actually want to return to the office, including 19 restaurants and an assortment … Read more
Coca-Cola working with bankers to explore sale of Costa Coffee, Sky News reports
The rise of stablecoins risks eroding the role of central banks in governing their nation’s monetary policy, European Central Bank president Christine Lagarde said. Stablecoins, which are digital assets usually pegged to fiat currencies, have grown in popularity. Their rise as relatively stable assets in the world of cryptocurrency have made them appealing both to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apollo Global Management has told graduates that it will delay recruiting for junior associates until next year, after a stand-off between Wall Street banks and private equity firms over how they secure young talent. Private … Read more
Young investment bankers have long been faced with a tradeoff: Work punishing hours for big money. Amid the post-COVID battle for talent, though, Citigroup tried something different, offering some junior analysts a softer schedule and a post on Spain’s famous Costa del Sol. On Wednesday, however, Citi announced it was shuttering its beachside office in … Read more
Lender is taking a tougher approach to costs under new chief executive Georges Elhedery
Key Takeaways The Czech National Bank is considering a Bitcoin test portfolio to better understand the digital asset. The CNB chief emphasizes studying Bitcoin as a high-risk asset and its underlying technology. Share this article The Czech National Bank (CNB) Governor Aleš Michl called for central bankers to study Bitcoin and its underlying technology. Michl … Read more
Lloyds Bank employees will get paid bonuses next month—and 2-day in-office minimum attendance will be one of the factors taken into account. Read More
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