Jennifer Surane
Bloomberg
New York, NY, United States
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Recent articles by Jennifer:
JPMorgan Plots Germany Consumer Bank in International Foray
JPMorgan Chase & Co. is planning to launch a digital bank in Germany as its second international consumer outpost, a move that will create a launchpad for the biggest US bank to further expand in Europe. → Read More
Why Wall Street Can’t Ignore Walmart
Its free checking accounts and generous overdraft provisions could woo cost-conscious consumers and the unbanked. → Read More
Citigroup Boosts Diversity Targets After Surpassing Earlier Goals
Citigroup Inc. is raising its targets for improving the diversity of its executive ranks after surpassing an earlier goal. → Read More
Milk, Diapers and Checking Accounts: Banking Comes to Walmart
Coming soon from the world’s largest retailer: checking accounts. → Read More
PayPal Pledges to Cover Employees' Abortion Travel Costs
PayPal Holdings Inc. said it will cover employees’ costs to access abortions if they need to travel to receive such care. The decision followed an abortion ruling earlier this year by the Texas Supreme Court, according to a person familiar with the matter. The court upheld legislation that banned abortion after a fetal heartbeat is detected, which can occur as early as six weeks into a pregnancy. → Read More
Russia Faces Urgency to Avoid Default, Sidestep Wall Street With Own Banks
Russia’s race to avoid default just escalated. → Read More
Mastercard to Tie All Employee Bonuses to Meeting ESG Goals
Mastercard Inc. said it’s expanding an earlier push to tie executives’ bonuses to the company’s environmental, social and governance goals. The firm will now link all employees’ compensation to those goals after earlier only doing so for those at the executive vice president level and above, Chief Executive Officer Michael Miebach said in a memo to staff on Tuesday. → Read More
Citi Began Deepening its Russia Retreat Before Ukraine Invasion
Citigroup Inc. began scaling back its operations in Russia weeks before President Vladimir Putin even invaded Ukraine. → Read More
Wall Street Brings Bankers Back to Offices Remade for Hybrid Era
New Manhattan workspaces show how employers are embracing shared setups and the perks of home. → Read More
FBI’s Email System Compromised, Hackers Warn of Cyber Threat
Hackers compromised the Federal Bureau of Investigation’s external email system on Saturday. → Read More
Jane Fraser Has a Plan to Remake Citigroup While Tormenting Rivals
The first woman to lead a top U.S. bank is betting on the wealth business, cutting back global branches, and going slow on the return to offices. → Read More
Citigroup Traders, Bankers Vie to Do Stints at Black-Owned Banks
A bevy of Citigroup Inc. bankers and traders are vying to join a new program that would allow them to spend time working at a Black-owned bank. → Read More
BofA Debuts Crypto Research Team in Latest Wall Street Push
Bank of America Corp. created a new team dedicated to researching cryptocurrencies, marking Wall Street’s latest push to capitalize on investors’ frenzy for digital assets. → Read More
Bank Lobbyists Blast Lawmakers’ Plans for ‘Unbanked’ Americans
The biggest U.S. banks criticized a pair of proposals designed to help consumers who don’t use their services. → Read More
Credit Card Companies Are Bringing Back Huge Points Offers
Banks pulled back after the pandemic, fearful that they would have to eat a bunch of losses. Now they want to be ready when people start traveling again. → Read More
Bank Bosses Want a Return to Office. Underlings Aren’t So Sure
Bank bosses are hoping to leave remote work in the past. → Read More
PayPal Pledges to Reach Net-Zero Greenhouse Emissions by 2040
PayPal Holdings Inc. said it would achieve net-zero greenhouse-gas emissions by 2040 as it looks for ways financial technology can prevent climate change. → Read More
Citi Hires Goldman’s Erika Irish Brown to Lead Diversity Efforts
Citigroup Inc. hired Goldman Sachs Group Inc.’s Erika Irish Brown to help oversee efforts to diversify its workforce. → Read More
Booming Blank Check Companies Are the Talk of Reddit and TikTok
Retail investors are pouring money into SPACS, which make it easier for a business to go public. → Read More
Zelle Has Turned Dollar-Starved Venezuela Into a Cashless Test Lab
The money transfer app provides relief from runaway inflation and a worthless currency. → Read More