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As part of the program, called Break Through Tech A.I., Ms. Prudencio completed an intensive class developed by Cornell Tech faculty with input from a few tech executives. These are the kinds of important learning and career opportunities that can help computing majors land jobs in fast-moving fields like A.I. But students like Ms. Prudencio, who attend public colleges not known for top computing programs, often face challenges gaining access to them. “I was never made aware of health tech before my project with Pfizer,” said Ms. Prudencio, 20, who works part time at a tennis center. Now she hopes to pursue a career in health A.I.
Persons: Chelsea Prudencio, Prudencio, , Organizations: Chelsea, Baruch College, Cornell Tech, Pfizer, Citigroup Locations: Manhattan
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/yusef-salaam-of-central-park-five-case-from-prison-to-new-york-city-council-2828b9f8
Persons: Dow Jones, yusef
Wells Fargo’s 2016 fake-accounts scandal revealed problems with the bank’s systems for overseeing risk. Photo: Thalia Juarez for The Wall Street JournalWells Fargo agreed to pay shareholders $1 billion to settle a class-action lawsuit that accused the bank of overstating its progress in cleaning up after its 2016 fake-accounts scandal. The bank’s shareholders alleged Wells Fargo and its past leadership misled them about how swiftly they were fixing the governance issues and risk-management systems that failed to prevent the bank from opening up perhaps millions of phony accounts.
Many Bed Bath & Beyond Inc. shoppers are saying goodbye to the retail giant the only way they know how: Leaving with bags of stuff marked down by 20% off coupons. Shoppers flocked to the chain’s last Manhattan store this week to peruse aisles full of red sales tags. Most of them said they came after they heard Bed Bath & Beyond filed for bankruptcy Sunday.
First Republic Bank recently unveiled a number of changes, including a plan to win deposits from new consumers. Photo: Thalia Juarez for The Wall Street JournalFirst Republic Bank shares lost about half their value Tuesday, a day after the bank reported first-quarter results that showed a deposit hemorrhage in March that was worse than expected. The stock shed 49% to close at $8.10, a new low. Trading in First Republic shares was halted several times Tuesday afternoon after the stock tumbled.
First Republic Bank caters to customers with high account balances, many with deposits over the FDIC’s $250,000 protection limit. Photo: Thalia Juarez for The Wall Street JournalFirst Republic Bank is scheduled to report first-quarter earnings Monday. The results will give investors insight into the extent of the damage after sharp deposit outflows at the troubled bank. First Republic has been at the center of a crisis of confidence in midsize and smaller U.S. banks spurred by the collapse of several banks in March. Concerns have mounted about other lenders that could face a liquidity crunch similar to the ones that ultimately took down Silicon Valley Bank and Signature Bank.
Morgan Stanley was the last of the biggest U.S. banks to report quarterly earnings. Photo: Thalia Juarez for The Wall Street JournalWall Street banks had hoped that deal making would rev back up in early 2023. Morgan Stanley was the last of the biggest U.S. banks to report quarterly earnings with its release Wednesday, and in some ways it followed a familiar template. Investment banking revenue fell, as it did at JPMorgan Chase & Co., Goldman Sachs Group Inc. and other large banks. Trading revenue also fell at most of the banks, including Morgan Stanley, though by a smaller amount than the decline in investment banking.
JPMorgan Profit Soars 52% Despite Banking Turmoil
  + stars: | 2023-04-14 | by ( David Benoit | ) www.wsj.com   time to read: 1 min
Photo: Thalia Juarez for The Wall Street JournalDeposits at JPMorgan Chase surged from December to the end of March. JPMorgan Chase & Co. defied a crisis of confidence in the banking business, posting a 52% increase in first-quarter profit and record revenue. The bank posted net income of $12.62 billion, or $4.10 per share, up from $8.28 billion, or $2.63 a share, a year ago. That beat the $3.41 per share expected by analysts, according to FactSet.
BROOKLYN—I heard the MC call my name and felt my legs carry me toward the stage. I’d never competed in a pun contest, much less in front of hundreds of people at an event considered the Roman Colosseum of punditry. My stage presence could be described as lacking. I had done basically no preparation. I did, however, have one thing going for me: I was actually a robot.
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