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☆ Boeing's CEO is commuting to the office by private jet, and some employees who have returned to the office are mocking him, report says
▼ + stars: | 2023-09-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is trying to get employees back to the office with happy hours and alpaca visits, the WSJ reports. CEO David Calhoun has taken over 400 private jet trips from his homes and is rarely seen in the office. David Calhoun took over as Boeing CEO shortly before the pandemic, when like most office workers, he started working from home. Is he like at Lake Sunapee or something in New Hampshire?" The Journal reports that several Boeing employees then began displaying "Lake Sunapee" signs in their offices, and others had souvenir mugs like one that read: "Love Lake Life."

Persons: David Calhoun, alpacas —, Brian West, hasn't, Donald Trump's, Jim Cramer, What's, Cramer, we're Organizations: Boeing, Service, Street Journal, CNBC Locations: Wall, Silicon, Chicago, Virginia, New, South Carolina, Connecticut, New Hampshire

☆ Potential UAW strike presents a near-term headwind for auto insurers - JPM
▼ + stars: | 2023-09-07 | by ( Reshma Rockie George | ) www.reuters.com time to read: +2 min

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo Acquire Licensing RightsSept 7 (Reuters) - J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in the personal auto insurance business. The automakers "represent about 40% of light vehicle auto sales (by units) in the U.S., and IHS Markit estimates that a strike would disrupt North American vehicle production by roughly 75%," J.P.Morgan said. The brokerage identifies Allstate Corp (ALL.N) and Progressive Corp (PGR.N) as the insurers with the most exposure to a potential UAW strike, with Allstate more susceptible due to its weaker capital position. Used-car prices have had the most impact on auto margins in recent years compared to other factors such as higher spare part costs, labor costs, increased litigation, and severe accidents, the brokerage added.

Persons: Morgan Chase, Mike Segar, J.P.Morgan, Jimmy Bhullar, Reshma Rockie, Tasim Zahid Organizations: Co, New York City, REUTERS, United Auto Workers, UAW, Detroit Three, Ford, Chrysler, General Motors, Allstate Corp, Progressive Corp, Allstate, Anderson Economic Group, Thomson Locations: New York, U.S, Michigan, Reshma Rockie George, Bengaluru

☆ Top Wall Street analysts pick these 5 stocks for compelling returns, including Nvidia
▼ + stars: | 2023-09-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Nvidia | via ReutersThe macro backdrop is looking challenging as September begins, but analysts have highlighted several stocks that they feel confident about for the long term. Here are five attractive stocks, according to Wall Street's top experts, as rated by TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its fiscal second-quarter results, which crushed Wall Street's expectations, as revenue more than doubled compared to the prior-year quarter. Management expects sequential revenue growth to accelerate in the fiscal third quarter, fueled by AI and cloud infrastructure. He expects the company's AI initiatives to create value for small business owners, consumers, and taxpayers, driving long-term growth and improved profitability.

Persons: INTU PANW, Wall, Harlan Sur, Sur, Ross Seymore, MRVL, Seymore, Keith Bachman, billings, Bachman, Brad Zelnick, Zelnick Organizations: Nvidia, TipRanks, JPMorgan, Marvell Technology, Management, Deutsche Bank, Automotive, Marvell, Palo Alto, Palo Alto Networks, BMO Capital, Palo, Intuit Financial, Intuit Locations: Santa Clara , California, Palo, billings, Palo Alto

☆ It’s not just crime: What’s really going on with San Francisco’s shrinking retail district
▼ + stars: | 2023-08-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

Mapping the exodusUnion Square has historically been a major commercial hub in the heart of San Francisco’s downtown. A complicated decline in downtownThe reasons for downtown San Francisco’s economic troubles are multi-faceted. In addition, San Francisco’s downtown has experienced a rise in its unhoused population. As San Francisco’s downtown area has emptied over the last three years, property crimes and retail thefts have risen, according to San Francisco Police Department data. Travel to San Francisco has yet to recover fully to pre-pandemic levels, according to data from San Francisco International Airport.

Persons: —, ”, Elon Musk, Tesla, Francisco, “, Lori Lincoln, San Francisco —, Lincoln, Breed, Alexander Quinn, Breed’s, Sarang Peruri Organizations: Los Angeles CNN, Lease, Google, city’s, Nordstrom, CNN, Westfield, San Francisco Centre, KGO, University of California, San Francisco Police Department, San Francisco International, San Francisco Travel, Tourism, San, Oxford Economics, Asia hasn’t, San Francisco Mayor London, Francisco’s, Oxford Capital Group, Ikea, IKEA Locations: Francisco’s, United States, San Francisco’s, Union, Westfield, San Francisco, San, California, Redfin, Palo Alto, Asia, Americas, Europe, Pacific, San Mateo, Lincoln, China, Downtown, Chicago

☆ Nvidia's forward PE ratio tumbles to lowest in eight months
▼ + stars: | 2023-08-28 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

Courtesy NVIDIA/Handout via REUTERS Acquire Licensing RightsAug 28 (Reuters) - Increased analysts' estimates since Nvidia's (NVDA.O) strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia's forward earnings valuation plungesAt that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data. That forward PE compares to over 46 a week ago, and it is now at its lowest since December 2022. Price/earnings ratios help investors gauge the value of companies, but relying on analysts' estimates of future earnings creates uncertainty. Following its report, analysts on average expect Nvidia's revenue for the fiscal year ending in January 2024 to reach $53 billion, nearly double the previous year, according to Refinitiv data.

Persons: Price, Ross Mayfield, Cody Acree, It's, Acree, Jensen Huang, Noel Randewich, Diane Craft Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, Baird, Benchmark Research, Apple, Thomson Locations: Santa Clara , California

☆ Businesses are pressuring Target to force its employees to return to the office — and it's more evidence that companies can't win in the remote work wars
▼ + stars: | 2023-08-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Target is sticking to a flexible hybrid work schedule for employees at its Minneapolis headquarters. Corporate employees at Target aren't subject to a company-wide return to office mandate, the Minneapolis/St. AdvertisementAdvertisementBut many businesses in Minneapolis, Target's hometown, aren't thrilled by the policy, the Journal reported. Target has taken a much more relaxed stance toward bringing employees back to the office than other major companies. That approach to work likely contrasts with most of their employees, who have families and lives outside of their jobs.

Persons: Goldman Sachs, Melissa Kremer, Target's, aren't, We've, David Fhima, Meta, Nick Bloom, Bloom Organizations: Paul Business, Meta, Service, Amazon, Target, Human, Stanford Locations: Minneapolis, St, Amazon, Wall, Silicon

Jenkins denied a motion by McDonald's and Kempczinski to dismiss Peaster's race discrimination and retaliation claims. The judge did dismiss claims that McDonald's had created a hostile work environment and intentionally caused Peaster emotional distress. Carmen Caruso, a lawyer for Peaster, said he looks forward to bringing the surviving claims to trial. At a 2021 meeting at McDonald's corporate headquarters, Peaster, the company's vice president of global safety, security, and intelligence, said Kempczinski's response to the incident had been insufficient. Peaster claims that following the meeting, Kempczinski and other executives retaliated against him by refusing to meet with him and making it impossible for him to do his job.

Persons: Chris Kempczinski, District Judge Linsday Jenkins, Michael Peaster, Peaster, Jenkins, Kempczinski, McDonald's, Carmen Caruso, Lori Lightfoot, Daniel Wiessner, Alexia Garamfalvi, Bill Berkrot Organizations: McDonald's, McDonald's Corp, District, Chicago, Peaster, Thomson Locations: Chicago, U.S, Albany , New York

☆ The story behind Uline, the packaging powerhouse whose reclusive billionaire owners use their fortune to influence American politics
▼ + stars: | 2023-08-18 | by ( ) www.businessinsider.com time to read: +7 min

Every company has to start somewhere, and for Uline, that beginning was 1980 in the Illinois basement of Dick and Liz Uihlein. Dick Uihlein started Uline to sell a product called a carton sizer, "one of the neatest little tools I'd ever seen." Bit by bit, the Uihleins added more packing supplies to their selection and slashed delivery times to the minimum — a decade before Jeff Bezos launched Amazon. "It's weird to develop a love of corrugated boxes and shipping supplies, but I really enjoy it," Liz told the Milwaukee BizTimes in 2020. The Uihlein family as featured on the Uline website.

Persons: Uline, Liz, Dick Uihlein, Donald Trump, there's, Forbes, Uline wasn't, Dick, Liz Uihlein, Schlitz beer's, Jeff Bezos, Scott Walker, Ron Johnson, Elizabeth Uihlein, Jacob Peters, Paul Morigi, Ron DeSantis, ProPublica, it's, Ronald Reagan Organizations: Service, Stanford, National, Milwaukee BizTimes, White House, Politico, isn't, ProPublica Locations: North America, Wall, Silicon, Illinois, Chicago, Pleasant Prairie , Wisconsin, Wisconsin, Florida, Ohio

☆ Roundabouts are safer than traffic lights. So why are there so few in the U.S.?
▼ + stars: | 2023-08-16 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

Consider the simple roundabout — a traffic circle well known in Europe but less familiar across most of America. Proponents say roundabouts can dramatically reduce crashes, injuries and deaths, can improve traffic and even save a city a fair bit of money. "'Can you get rid of this traffic light near my house or near my business?' The Insurance Institute for Highway Safety, which is funded by the insurance industry and issues widely watched crash test ratings for vehicles, says roundabouts are considerably safer for drivers and pedestrians and cause much less congestion than traffic lights. We have been rated over and over by various organizations [as] one of the best places to live in the United States; one of the best places to retire; one of the best places to raise families; one of the best places for single people.

Persons: Mayor Jim Brainard, Brainard, Brainard's Organizations: Mayor, Insurance Institute for Highway Locations: Europe, America, U.S, Carmel , Indiana, Carmel, United States

☆ China's internet giants order $5 bln of Nvidia chips to power AI ambitions - FT
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: 1 min

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERSAug 9 (Reuters) - China's internet giants are rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion, the Financial Times reported on Wednesday. Baidu (9888.HK), TikTok-owner ByteDance, Tencent (0700.HK) and Alibaba (9988.HK) have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter. Nvidia, Baidu, ByteDance, Tencent and Alibaba were not immediately available for comment. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: ByteDance, Kanjyik Ghosh, Anil D'Silva Organizations: NVIDIA, Handout, REUTERS, Financial Times, Baidu, HK, Nvidia, Thomson Locations: Santa Clara , California, Bengaluru

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File PhotoNEW YORK, Aug 8 (Reuters) - Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting firm Deloitte. Companies that insist on five days of in-office work are likely to see those policies backfire, the study showed. The Deloitte survey showed caregivers with remote or hybrid arrangements were 1.3 times more likely to leave their jobs if that flexibility was taken away. Poll results showed almost half of women in senior leadership roles were likely to leave their current employer over the next 12 months.

Persons: Morgan Chase, Mike Segar, Deloitte, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Lananh Nguyen, Conor Humphries Organizations: Co, New York City, REUTERS, Financial, Deloitte, Companies, JPMorgan, Citigroup, UBS, Bank of New York Mellon, Thomson Locations: New York, America

The One World trace Center and the New York skyline are seen while United Airlines planes use the tarmac as pilots from United Airlines take part in an informational picket at Newark Liberty International Airport in Newark, New Jersey, U.S., May 12, 2023. REUTERS/Eduardo Munoz/File PhotoAug 4 (Reuters) - United Airlines (UAL.O) on Friday said it is spending $33 million to buy 113 acres (46 hectares) in Denver as part of its growth strategy. Asked if United could use the land to move its corporate headquarters, a United spokeswoman said, "The land in Denver gives us options for the future as we implement our big plans to grow." United is acquiring two parcels, including one just outside Denver International Airport with access to its Flight Training Center. In June 2022, United broke ground on a new four-story building at the flight training facility.

Persons: Eduardo Munoz, United, David Shepardson, Rajesh Kumar Singh, Mark Porter, Jonathan Oatis Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Denver, Airport, Flight Training Center, United, Training, Boeing, Caterpillar, Thomson Locations: York, Newark , New Jersey, U.S, Denver, Chicago, Illinois, Arlington , Virginia, Dallas, Deerfield , Illinois

☆ USA Today-publisher Gannett raises profit targets as ad demand rebounds
▼ + stars: | 2023-08-03 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

The corporate flags for the Gannett Co and its flagship newspaper, USA Today, fly outside their corporate headquarters in McLean, Virginia, July 23, 2013. REUTERS/Larry Downing/File photo(Reuters) - USA Today-publisher Gannett Co boosted its annual earnings expectations on Thursday, as advertising demand recovers from post-pandemic lows. Gannett’s revenue from advertising and marketing services fell 8% to $353.3 million in the second quarter ended June 30 from a year earlier. Analysts on average expect 2023 profit of $8.2 million, according to Refinitiv data. The company reiterated annual revenue between $2.75 billion and $2.80 billion, above estimates of $2.74 billion.

Persons: Larry Downing Organizations: Gannett Co, USA, REUTERS, U.S . Federal Reserve, U.S ., Google, Gannett Locations: McLean , Virginia, U.S

☆ Tesla under investigation by California attorney general over Autopilot safety, marketing
▼ + stars: | 2023-07-26 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Elon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. The California attorney general's office is investigating Tesla , seeking information from customers and former employees about Autopilot safety issues and false advertising complaints, CNBC has learned. Wester isn't the only Tesla customer to be contacted by analysts with the attorney general's office after voicing safety and related concerns. The person had previously voiced concerns about Autopilot and FSD safety issues at Tesla and publicly. While the company has previously identified "requests from the DOJ for documents related to Tesla's Autopilot and FSD features," Tesla has not disclosed that the California attorney general was investigating the company.

Persons: Elon, Tesla, Greg Wester, Wester, Rob Bonta's, Musk, It's Organizations: CNBC, Tesla, Federal Trade Commission, FTC, California, FSD, Consumer Sentinel Network, National, Traffic Safety Administration, National Transportation Safety Board, SEC, Department of Justice, The California Department of Motor Vehicles Locations: Grünheide, Berlin, California, U.S, Fremont, Austin , Texas, Palo Alto , California

Let's do this," tweeted Yaccarino, who also posted a picture of the logo projected onto the company's offices in San Francisco. loadingloadingBoth Yaccarino's and Musk's Twitter handles feature the X logo, although the Twitter blue bird is still visible across the platform. He also referred to the "interim X logo," and tweeted that "soon we shall bid adieu to the Twitter brand and, gradually, all the birds". In response to a tweet asking what will tweets be called under X, Musk replied "x's". loadingThe original Twitter logo was designed in 2012 by a team of three.

Persons: Carlos Barria STOCKHOLM, Elon Musk, Linda Yaccarino, Yaccarino, Musk, adieu, Martin Grasser, Matt Rhodes, Drew Benvie, Battenhall, Supantha Mukherjee, Martin Coulter, Aiden Nulty, Bharat Govind Gautam, Barbara Lewis Organizations: REUTERS, Twitter, PayPal, NBCUniversal, SpaceX, Thomson Locations: San Francisco , California, U.S, San Francisco, Elon Musk's, Stockholm, London, Bengaluru

☆ Cool-girl brand Aritzia made employees rate each other's appearances, discriminated against Black salespeople, and fostered a culture of fear, some ex-staffers say
▼ + stars: | 2023-07-24 | by ( Nichole Jankowski | Isabella Zavarise | Brianna Holt | ) www.businessinsider.com time to read: +27 min

They said 54% of Aritzia employees and 60% of retail employees identified as BIPOC but declined to provide a breakdown of those statistics. Insider spoke with 53 current and former Aritzia employees, several of whom said that while the world of fashion is notoriously cutthroat, working at Aritzia was particularly grueling. Aritzia's spokesperson said the company's success was a "direct result of its high-performance culture." (In a statement of defense filed with the court on July 5, the store manager and Aritzia denied all allegations. A former Ontario store manager said that shortly after she was hired, the manager of store operations asked if she had a boyfriend.

Persons: Brian Hill, Hill, Kendall Jenner, Meghan Markle, Jennifer Lopez, Aritzia, Lindsey Adelman, Melina, Isabel Slone, Max Mumby, Aritzia's, Carly Bishop, Brian, Jennifer Wong, who's, Wong, Robson, We're, George Pimentel, Heather McLean, Hill's, Tim Hortons, Kendalls, —, Todd Korol, Jessica Porter, weren't, Candace Jerry, Anyango Juma Miguna, Miguna, Hannah, Kaycelyn Pascual, Pascual, couldn't, Nadia Mahammed, Mahammed, she'd, George Floyd, they'd, Todd Ingledew Organizations: Aritzia, Euromonitor International, Aritzia's, Queen's University, Fashion, Globe, Toronto Star, Getty, SPH, Employees, British Columbia Human, Product, Estate Development, Business Locations: Toronto, Vancouver, Ontario, Aritzia, ascot, Canada, Aritzia's Vancouver, Canadian, New York City, Aritzia's Paramus , New Jersey, Newmarket , Ontario, British, New York

At JPMorgan, the nation's largest bank, average deposits fell 6% in the second quarter to $2.4 trillion from a year earlier. The central bank reported total bank deposits fell 1.2% to $17.26 trillion through the week ended June 28 versus $17.47 trillion at the end of March. For large banks, deposits fell 1.3% to $10.80 trillion from $10.95 trillion during same period, the Fed data showed. And for small banks, deposits fell 0.9% to $5.18 trillion from $5.23 trillion. The declines were notably smaller than the first-quarter drops of 2.4% for large banks and 3.3% for small banks.

Persons: Morgan Chase, Mike Segar, Wells, Mike Santomassimo, Jeremy Barnum, Jamie Dimon, Kenneth Leon, Saeed Azhar, Dan Burns, Nupur Anand, Tatiana Bautzer, Lananh Nguyen, Mark Potter Organizations: Co, New York City, REUTERS, JPMorgan, First Republic Bank, Federal Reserve, Thomson Locations: New York, Wells Fargo

According to JPM's circular, the shares currently unaccounted for are estimated to be less than 1% of the shares held in custody at another financial institution. This meant Deutsche was unable to reconcile the company shares held at another custodian bank with the depositary receipts on its own books. The Bank of Russia did not immediately respond to a request for comment on JP Morgan's search for the potentially missing Magnit shares. More than 60% of Magnit's shares are free-float, with shareholders including major global asset managers, Refinitiv data shows. When first announcing the plans, Magnit said its voluntary tender offer was also addressed to JPM, regarding shares held in its DR program custody account.

Persons: Morgan Chase, Mike Segar, Morgan, JPM, Deutsche, Russia's, Magnit, Sinead Cruise, Alexander Marrow, Jane Merriman Organizations: Co, New York City, REUTERS, Reuters, Deutsche Bank, Deutsche Bank . Lawyers, Deutsche, Bank of Russia, Settlement Depository, NSD, Kremlin, Thomson Locations: New York, Ukraine, Moscow, Russian, Krasnodar, Russia, Uzbekistan, Euroclear

☆ Factbox: Analysts guarded as AI-driven US stock rally faces earnings test
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +4 min

Strategists expect profit at S&P 500 (.SPX) companies to have dropped 6.4% in the second quarter from a year earlier, according to Refinitiv data. Morgan Stanley:Much of the stock market rally this year has been driven by a price-to-earnings expansion, signaling investors likely remain unconcerned about near-term earnings pressure. Still, "better-than-feared" earnings are not going to be good enough in Q2 considering stocks have become more expensive, the strategists say. Goldman Sachs:Companies will likely be able to beat or surpass "the low bar" set for the second quarter. This suggests a "muted market reaction" to Q2 earnings is likely, given robust gains in stocks since the first quarter and an "overweight" equity positioning, the bank says.

Persons: Mike Segar, Morgan Stanley, Goldman Sachs, Laura Cooper, Cooper, Scott Wren, Amruta Khandekar, Shreyashi Sanyal, Sriraj Organizations: Citibank, REUTERS, Nasdaq, Companies, GS, Nvidia, iShares EMEA, BlackRock, Deutsche Bank, Investors, Wells, Wells Fargo Investment Institute, Citigroup, Thomson Locations: New York , New York, U.S, BlackRock, Wells Fargo, Bengaluru

☆ These 10 states are running America's best economies for residents
▼ + stars: | 2023-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.

Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, —, Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida

JPMorgan, the biggest U.S. lender, plans to increase its quarterly stock dividend to $1.05 per share from a current $1.00. Wells Fargo will boost its dividend to 35 cents a share from 30 cents, the companies said. Goldman Sachs' dividend will rise to $2.75 a share from $2.50, while Morgan Stanley's will increase to 85 cents a share from the current 77.5 cents. Citigroup's stress capital buffer (SCB) requirement rose to 4.3%, from a current 4.0%, contrasting with large peers whose SCB dropped. "While we would have clearly preferred not to see an increase in our stress capital buffer, these results still demonstrate Citi’s financial resilience through all economic environments," Fraser said.

Persons: Morgan Chase, Mike Segar, Goldman Sachs, Morgan Stanley, Wells, Morgan Stanley's, Jane Fraser, Fraser, Saeed Azhar, Nupur Anand, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Richard Chang, Diane Craft, Cynthia Osterman Organizations: Co, New York City, REUTERS, JPMorgan Chase, Federal, JPMorgan, Bank of America, Moody's Investors Service, Citigroup repurchased, Thomson Locations: New York, Wells Fargo, U.S

"This is a really fine settlement," Rakoff said. Epstein had been a JPMorgan client from 1998 through 2013, when the bank terminated his accounts. JPMorgan in a statement this month said any association it had with Epstein "was a mistake and we regret it." Rakoff appointed Simone Lelchuk, a lawyer who specializes in administering settlements, to consider individual claims and determine payouts in the JPMorgan and Deutsche Bank cases. JPMorgan is also facing a lawsuit over Epstein by the U.S. Virgin Islands, where the financier owned two neighboring islands.

Persons: Morgan Chase, Mike Segar, Jeffrey Epstein, Jed Rakoff, Rakoff, Epstein, Jane Doe, David Boies, Boies, Simone Lelchuk, Luc Cohen, Jonathan Stempel, Matthew Lewis Organizations: Co, New York City, REUTERS, JPMorgan Chase's, U.S, Deutsche Bank, JPMorgan, U.S ., Thomson Locations: New York, U.S, Manhattan, Florida, Russia, Eastern Europe, U.S . Virgin Islands

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. — When Fashion Becomes a Form of Protest (Aug. 17, 2016)2. botnet — a network of hijacked computers used maliciously:The Dutch responded by launching the H.T.C.U. Since then, it has become one of the world’s leading law enforcement forces in fighting cybercrime. And the reading of the Summer Book can fall effortlessly within the world of the three L’s. — The Ezra Klein Show: The Men — and Boys — Are Not All Right (March 10, 2023)And the list of the week’s easiest words:

Persons: nankeen, — Mercedes, —, — Rafael Viñoly, ’, Abraham Lincoln, Waterston, — Sam Waterston, glia, glia —, zigzaggy, Ezra Klein Organizations: Benz, Safety Technology, ‘ Locations: Nanjing, China, chino, Pennington, Lymington, Hampshire

Epstein had been a JPMorgan client from 1998 and 2013 when the bank terminated his accounts. Lawyers for the victims plan to seek up to 30% of the settlement amount for legal fees, court records show. The victims' lawyers also represented Epstein victims in a similar $75 million settlement with Deutsche Bank (DBKGn.DE), where Epstein was also a client. JPMorgan also faces a lawsuit over Epstein by the U.S. Virgin Islands, where Epstein owned two neighboring islands. The case is Doe 1 v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: Morgan Chase, Mike Segar, Jeffrey Epstein's, Epstein, Jan, Jed Rakoff, Jane Doe, JPMorgan, Rakoff preliminarily, Jes Staley, Staley, Jonathan Stempel, Jahnavi, Robert Birsel Organizations: Co, New York City, REUTERS, JPMorgan Chase's, U.S, JPMorgan, Deutsche Bank, Barclays, Reuters, U.S ., JPMorgan Chase Bank NA, Court, Southern District of, Thomson Locations: New York, U.S, Manhattan, U.S . Virgin Islands, Southern District, Southern District of New York, Bengaluru

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