Financial industry heavyweights convened in New York last week to raise funds for a finance museum that has lost its iconic Wall Street address. reuters.com/business/finan…

It was a big week in bank regulation. We reported news about Citigroup, Wells Fargo and JPMorgan. We also delved into commercial real estate and private credit. Let’s jump in. linkedin.com/pulse/consent-…

Moody's cuts NYCB ratings to junk, warns of more downgrades reut.rs/499XrTp

A top U.S. bank regulator proposed new regulations for bank mergers and acquisitions in a bid to increase transparency around the process, while ensuring some deals do not slide through automatically without sufficient scrutiny. By Pete Schroeder reuters.com/business/finan…

I'm often told Wall Street is a people business. But aren't they all? Still, the last few weeks have seen consequential changes for people in the financial industry. linkedin.com/pulse/layoffs-…

BofA bonuses for investment bankers will range from steady to 3% lower, under pressure from a dealmaking slump, according to a source. Traders can expect flat or modestly higher payouts. By Saeed Azhar Hasan reuters.com/business/finan…

EXCLUSIVE: Morgan Stanley's asset management division aims to double its private credit portfolio to $50 billion in the medium term as it gathers funds from large investors to loan out to companies. By Tatiana Bautzer and Saeed Azhar Hasan reuters.com/business/finan…

JPMorgan Chase shuffled executives in its investment banking and consumer units, giving them more experience running different businesses as Wall Street focuses on succession plans for CEO Jamie Dimon. With Saeed Azhar Hasan reuters.com/business/jpmor…

Some Citigroup employees who are being laid off this week in New York, part of one of the biggest job reductions at a bank since the financial crisis, are expected to be paid salaries through April, 2 sources with knowledge of the matter said. W/ Tatiana Bautzer reuters.com/business/finan…

Citigroup CEO Jane Fraser held a conference call with managing directors to discuss the bank's sweeping overhaul, as it eliminated more leadership roles this week. By Tatiana Bautzer reuters.com/business/finan…

JPMorgan Chase CEO Jamie Dimon's compensation climbed about 4.3% to $36 million for 2023, the bank said on Thursday. By Nupur Anand reuters.com/business/finan…