Citigroup Inc
Invade Haiti, Wall Street Urged. The U.S. Obliged.
‘The Triumph of the Wolf’ An angry mob dragged Haiti’s president from the French Consulate and killed him in July 1915, part of the political upheaval Wall Street feared — and, some historians say, worsened by withholding money from the shaky Haitian government and seizing the gold. American troops occupied the country the same day. […]
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How Much Haiti’s Freedom Cost: Takeaways From a Times Series
The U.S. Treated Haiti Like a Cash Register When the American military invaded Haiti in the summer of 1915, the official explanation was that Haiti was too poor and too unstable to be left to its own devices. Secretary of State Robert Lansing made little effort to mask his contempt for the “African race,” casting […]
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Wall Street Banks Are Getting Flexible on Working From Home
When Tom Naratil arrived on Wall Street in the 1980s, work-life balance didn’t really exist. For most bankers of his generation, working long hours while missing out on family time wasn’t just necessary to get ahead, it was necessary to not be left behind. But Mr. Naratil, now president of the Swiss bank UBS in […]
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Fraud Is Flourishing on Zelle. The Banks Say It’s Not Their Problem.
Another Wells Fargo customer, Julia Gibson, lost $2,500 to a similar scam in October. After she reported the fraud to the bank, it gave her a provisional credit for the lost cash. But in January, the bank abruptly rescinded the credit, sending her balance to zero and incurring overdraft fees. The bank had decided the […]
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Wall Street Fights to Keep Talent, but Money Isn’t Always Enough
It didn’t matter that Citigroup paid Amy Wu Stratton $450,000 in 2021 — her most lucrative year ever — to work with some of its biggest private equity clients. It didn’t even matter that she was on track for a promotion that could double her pay. After almost 16 years in banking, she was ready […]
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Wall Street Warms Up, Grudgingly, to Remote Work, Unthinkable Before Covid
In private, many senior bank executives tasked with raising attendance among their direct reports expressed irritation. They said it was unfair for highly paid employees to keep working from home while others — like bank tellers or building workers — dutifully come in every day. Salaries at investment banks in the New York area averaged […]
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