It’s not me, it’s you: Jassy warns Amazon staff it might not work out if they’re working from home too much August 29, 2023 Amazon chief executive Andy Jassy told workers “it’s probably not going to work out for [them]” if they don’t accept the company’s three-days-in-the-office mandate. “It’s past the time to disagree and commit,” Jassy reportedly said in a meeting last week, referred to internally as a ‘fishbowl’. “And if you can’t disagree and commit, I also [...]
Twitter owner Elon Musk to be invited to government investment summit August 22, 2023 Twitter owner Elon Musk is among top business leaders expected to be invited to Rishi Sunak’s global investment summit this autumn. Tesla boss Musk – who recently bought and renamed Twitter as X – is among figures including Amazon founder Jeff Bezos who officials are keen to see attend the summit, according to Sky News. [...]
Boost for Britain as businesses commit to invest £30bn in UK November 27, 2023 Some of the world’s biggest businesses have committed to invest a total of nearly £30bn in Britain, the government has announced ahead of a major investment summit taking place today.
Ex-JP Morgan executive wrote Epstein ‘should not be a client’ in 2011 email June 1, 2023 A former JP Morgan Chase executive wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of chief executive Jamie Dimon seen by Reuters. Dimon said in the deposition he was not aware of the email at [...]
JP Morgan’s investment banking fees could drop 50 per cent, executive says September 13, 2022 JP Morgan Chase’s investment banking revenues could drop by as much as 50 per cent in the third quarter of 2022, one the Wall Street bank’s most senior executives has warned. The bank’s president and chief operating officer Daniel Pinto said he expects JP Morgan’s investment banking fees to be 45-50 per cent lower than [...]
Musk’s $44bn u-turn on Twitter hits City advisor fees hard July 14, 2022 Twitter and Elon Musk’s financial advisors could lose big bucks after the eccentric entrepreneur walked away from the $44bn mega deal. According to an earlier regulatory filing, the social media firm’s financial advisors Goldman Sachs and JP Morgan Chase could have nabbed fees totalling to $133m, while Refinitiv suggested that Morgan Stanley and the other [...]
JP Morgan’s digital retail bank Chase launches in UK September 21, 2021 JP Morgan has today launched its new digital-only lender ‘Chase’ in the UK, as it aims to become one of the biggest banks in the country. In its first international expansion through a retail operation in the bank’s 222-year history, JP Morgan will initially offer only current accounts through the new lender Chase, before introducing [...]
Barclays follows Citi, Goldman and Morgan Stanley in cutting 100 investment bank jobs despite rate hike profits April 17, 2023 Barclays will follow Citi, Goldman Sachs and Morgan Stanley in cutting more than 100 investment banking jobs, according to Sky News’ Mark Kleinman. The London-based bank is set to axe the jobs following the industry slowdown in deals and IPOs. The layoffs will be spread across multiple countries and across divisions in the bank, it was [...]
‘Working’ from home: Laundry, sex and side hustles distract hybrid Londoners from the day job June 6, 2023 One in six Londoners have admitted to having sex whilst they should be working, fresh research shows, as employers across the capital look to stiffen up on hybrid working rules. The data, which was published by LifeSearch, shows that more widely across the UK 1.6 million workers have admitted to getting ‘between the sheets’ between [...]
Google cracks down on hybrid working – and will track staff attendance June 8, 2023 Google is reportedly cracking down on its hybrid-working policy with the tech giant to begin tracking staff office attendance and including employees’ frequency in the office in performance reviews. Fiona Cicconi, Google’s chief people officer, is said to have written an email to employees on Wednesday, according to reports in CNBC, noting that there is [...]