A day before he was to testify before Congress, Bank of America’s chief executive, Brian Moynihan, said the lowest-paid workers would earn $17 an hour starting in May and $20 in two years. Source: https://www.nytimes.com/2019/04/09/business/bank-of-america-minimum-wage.html?partner=rss&emc=rss
Tag: Banking and Financial Institutions
What the Rest of the World Can Learn From the Australian Economic Miracle
As Americans worry about the potential end of a 10-year expansion, it’s worth studying the Aussies, whose winning streak is about to turn 28. Source: https://www.nytimes.com/2019/04/06/upshot/australia-lessons-economic-miracle.html?partner=rss&emc=rss
David Malpass, Trump’s Pick to Lead World Bank, Is Approved
Mr. Malpass, a Wall Street veteran and a Treasury official, is a longtime critic of the international agency’s lending practices and business model. Source: https://www.nytimes.com/2019/04/05/business/david-malpass-world-bank.html?partner=rss&emc=rss
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. Source: https://www.nytimes.com/2019/04/05/fashion/patagonia-fleece-fintech-banking.html?partner=rss&emc=rss
Trump Says Fed Should Cut Rates and Lift Economy
President Trump said on Friday that he wants another round of quantitative easing from the central bank. Source: https://www.nytimes.com/2019/04/05/business/economy/trump-fed-interest-rates.html?partner=rss&emc=rss
Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street
M.M.T.’s fans include Alexandria Ocasio-Cortez, Bernie Sanders — and financial analysts at Goldman Sachs, Nomura and GMO. Source: https://www.nytimes.com/2019/04/05/business/economy/mmt-wall-street.html?partner=rss&emc=rss
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. Source: https://www.nytimes.com/2019/04/04/business/gun-control-banks.html?partner=rss&emc=rss