Edition:
United Kingdom

Elizabeth Dilts Marshall

Accused Jeffrey Epstein accomplice Ghislaine Maxwell moved to New York jail

07 Jul 2020

NEW YORK Ghislaine Maxwell, the alleged accomplice of the late financier Jeffrey Epstein, has been moved to a jail in New York, according to the Federal Bureau of Prisons, where she faces charges of facilitating a sex-trafficking ring. | Video

Exclusive: JPMorgan drops terms 'master,' 'slave' from internal tech code and materials

04 Jul 2020

NEW YORK JPMorgan Chase & Co is eliminating terms like "blacklist," "master" and "slave" from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move. | Video

Exclusive: JPMorgan drops terms 'master,' 'slave' from internal tech code and materials

03 Jul 2020

NEW YORK JPMorgan Chase & Co is eliminating terms like "blacklist," "master" and "slave" from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move. | Video

Goldman's investment bank to increase Black staff hiring, recruitment

01 Jul 2020

NEW YORK Goldman Sachs Group Inc's investment bank formed a new group to increase its recruitment and hiring of Black employees and improve career development and retention among existing Black employees, according to a memo sent on Tuesday that was seen by Reuters.

Goldman Sachs says it's climbing toward Fed's capital demands

29 Jun 2020

NEW YORK Goldman Sachs Group Inc has already boosted capital measures and is working to meet the Federal Reserve's benchmark for October, the Wall Street bank said in a statement on Monday.

Wall Street likely to cut bonuses 15-20%, make significant layoffs: report

24 Jun 2020

NEW YORK Wall Street is likely to cut bonuses this year by 15-20% and make significant layoffs, according to a report published Tuesday by compensation consulting firm Johnson Associates Inc.

Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%

17 Jun 2020

NEW YORK A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in wealth management to 2019.

Ex-Morgan Stanley diversity officer sues bank, cites racial bias: court filing

16 Jun 2020

NEW YORK A former Morgan Stanley diversity officer sued the bank on Tuesday, alleging racial discrimination, retaliation and violation of equal pay laws, according to a court filing.

World shares modestly higher as investors mull coronavirus, recovery outlook

12 Jun 2020

NEW YORK Global equity markets rose in choppy trading on Friday as concerns triggered by the U.S. Federal Reserve's less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause.

GLOBAL MARKETS-World shares modestly lower as investors mull coronavirus, recovery outlook

12 Jun 2020

* U.S. stocks bounce back, but on track for worst week in 3 months

World News