#Wall Street banks to slash bonuses up to 30% as slowdown looms

Admin4 years ago06 mins

“Wall Street banks to slash bonuses up to 30% as slowdown looms” Big Wall Street firms reportedly are preparing to slash year-end bonuses — a sharp about-face from the lavish payouts handed out during the pandemic — as the industry braces for a major slowdown in dealmaking. Premier banks on Wall Street — JPMorgan, Bank…

#Morgan Stanley finally lures bankers back to the office 5 days a week

Admin4 years ago07 mins

“Morgan Stanley finally lures bankers back to the office 5 days a week” Morgan Stanley has finally succeeded in bringing its employees back to their desks five days a week, sources told The Post — and the threat of layoffs proved to be an effective incentive. On Thursday, the Wall Street giant’s CEO James Gorman…

#Morgan Stanley increases employee benefit programs

Admin4 years ago04 mins

“#Morgan Stanley increases employee benefit programs” Morgan Stanley is dramatically expanding its benefit programs for employees — giving new parents at least 16 weeks off and allowing some employees the ability to buy stock at a 10 percent discount, according to a report. Under the new benefits program, Morgan Stanley ups their contributions to employees’…

#Bank will outlive China’s Communist Party

Admin5 years ago04 mins

“#Bank will outlive China’s Communist Party” JPMorgan CEO Jamie Dimon threw down the gauntlet in a speech Tuesday — at least as a joke: He said his bank will outlast the Chinese Communist Party. “I made a joke the other day that the Communist Party is celebrating its 100th year — so is JPMorgan,” Dimon…