Banking and Financial Institutions Category

April 10, 2019

DealBook: To Purge Some of Social Media’s Ugliness, an Unlikely Lesson From Wall St.

A simple rule that bolsters the banking system — “know your customer” — could help combat fake news and hate speech online if companies like Facebook and Twitter embraced it.

April 10, 2019

Turkey’s Plan for Economy Is Seen as Tepid Response to Downturn

Amid political turmoil, a blueprint by President Recep Tayyip Erdogan’s government avoids the tougher steps economists say are needed to reverse a recession.

April 9, 2019

Bank of America Will Lift Minimum Wage to $20, as Lawmakers Spotlight Inequality

A day before he was to testify before Congress, the chief executive, Brian Moynihan, said the lowest-paid workers would earn $17 an hour starting in May and $20 in two years.

April 6, 2019

Why Scandinavian Banks’ Clean Reputations Are Threatened by Dirty Money

Once known for prudence, Danske Bank and Swedbank are at the vortex of multifaceted money laundering scandals. Here’s how to make sense of them.

April 5, 2019

On the Runway: Are Bankers and Venture Capitalists Really Getting Fleeced by Patagonia?

They won’t be leaving “bros out in the cold,” says Patagonia. Here’s how the company is thinking about its famous banker fleeces.

April 4, 2019

Gun Control Group’s Report Card on U.S. Banks’ Firearms Ties Has Several Fs

Guns Down America graded 15 large consumer banks on their commitment to gun safety and their relationships to the gun industry.

April 4, 2019

DealBook Briefing: Banks Get a Failing Grade on Guns

The advocacy group Guns Down America graded 15 banks based on their support for the gun industry. Most received dismal appraisals.

April 3, 2019

Spared From the Shredder (for Now): ‘Priceless’ Bank Records of Old New York

A bank is cleaning out its basement in Brooklyn. Archivists want to save a trove of Bowery Savings Bank papers from destruction.

March 29, 2019

Wells Fargo C.E.O. Could Be Banking’s Worst Job. It’s Open.

Filling the job held by Timothy F. Sloan, who resigned abruptly, could only add to the troubled bank’s challenges.

March 28, 2019

Wells Fargo C.E.O. Timothy Sloan Abruptly Steps Down

Mr. Sloan took over as chief in 2016 as the bank dealt with the fallout of a series of scandals. C. Allen Parker was named the interim chief executive.

March 28, 2019

JPMorgan’s Role in Nigerian Oil Deal Has Come Back to Haunt It

A JPMorgan Chase account in London was used to send roughly $900 million to government officials involved in a scheme to profit from an offshore oil field.