JPM Top Exec Mary Erdoes: "There''s A Reason" Junior Bankers Must Work 72 Hour Weeks As debate continues to rage about what the "appropriate" amount of work is for junior investment bankers, Mary Erdoes, chief executive officer of JPMorgan Chase & Co.s asset and wealth management business is weighing in with an opinion that the snowflakes complaining about their workload might not like. Erdoes says that "there''s a reason" that junior bankers are forced to work 12 hour days, six days a week, according to Bloomberg. She says the hours will "help them master the job in two to three years" instead of the five years it would otherwise take. If you think 10,000 hours is about what you need to master any subject, if someone comes in and has a regular, eight-hour-a-day job, five days a week, its gonna take about five years to have a base-level mastery, she told David Rubenstein on Bloomberg Wealth. She continued: On Wall Street, its more like 12 hours a day, six days a week. That cuts you down to about two and a half years before you become mastered in something. She also told the story of starting in the industry by balancing her grandmother''s checkbook at the age of 6, earning a few of "a few dollars a month". 2,200 new analysts will be starting training with JP Morgan this summer.
Citigroup Inc. (C) with the stream of -0.25% also noticed, India Motus GI Holdings, Inc. (MOTS) encountered a rapid change of -1.54% in the last hour of Fridays trading session. The post Hot Stock in the Spotlight: Citigroup Inc. (NYSE:C), Motus GI Holdings, Inc. (NASDAQ:MOTS) appeared first on Stocks Equity .
Today in B2B payments, Flowfy talks trade credit for fashion supply chains, and Citi introduces a real-time liquidity tool. Plus, VARStreet explores VARs'' eProcurement needs, Santander introduces new lockbox features for healthcare clients and Banking Circle collaborates on real-time payments. Embedding Trade Credit In The Hard-Hit Fashion Supply Chain Bridging B2B Resellers eProcurement Flows With 
The report on Global Retail Banking Market has been provided by researchers for a detailed understanding of market performance over an estimated period of time set from 2021 to 2026. However, this report has introduced a brief overview to provide the reader with better information on this report. This brief description contains a basic definition 
Summary List Placement Citi ThankYou Rewards points are valuable because the program currently partners with 17 airlines. American Airlines is a limited-time transfer partner through November 13, 2021. Other partners include JetBlue, Air France-KLM, Singapore Airlines, and Cathay Pacific. Read Insider''s guide to the best travel rewards credit cards . Table of Contents: Masthead Sticky Earning transferable points with rewards credit cards is one of the best strategies you can use to maximize returns on your spending. Programs like Chase Ultimate Rewards and American Express Membership Rewards are popular with award travelers, in part because their transfer partners include numerous domestic airlines and popular hotel chains. The Citi ThankYou Rewards program is a bit of an underdog in this regard, with usually just one domestic carrier (JetBlue) among airline transfer options and no current hotel partners. But for a limited time, you can transfer Citi points to American Airlines, which opens up many more award opportunities.
The Member of Parliament (MP) for Sissala West in the Upper West Region, Mohammed Adama Sukparu has allegedly been attacked by unknown armed men in his constituency. The incident happened between Jefisi and Bulu at about 7:50 pm when the MP was returning from a funeral he attended at Jefisi. Confirming the incident to Citi  The post Sissala West MP allegedly attacked by armed men appeared first on Citinewsroom - Comprehensive News in Ghana .
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Athens, Ga. SRS has brokered the sale of Athens West, a 178,930-square-foot shopping center in Athens anchored by Big Lots, Americas Thrift, American Freight, BioLife and Citi Trends. SomeraRoad sold the property for $16 million to Trinity Apex LLC. The post SRS Brokers Sale of 178,930-Square-Foot Shopping Center in Athens, Georgia appeared first on Shopping Center Business .
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Londons Canary Wharf, home to the European headquarters of Barclays, Citigroup, HSBC and many other businesses is currently operating at 10% capacity, with most employees working from home. To put that in perspective, thats about 12,000 people of the total 125,000 workforce using the commercial buildings. The post What does lower occupancy mean for the future of commercial buildings? appeared first on Planning, BIM & Construction Today .
This report studies the Neobanking Market with many aspects of the industry such as market size, market status, market trends and forecast. The report also provides brief information on competitors and opportunities for specific growth with the key market drivers. Find the comprehensive analysis of the Neobanking market segmented by company, region, type and applications 
This report studies the Foreign Exchange Market with many aspects of the industry such as market size, market status, market trends and forecast. The report also provides brief information on competitors and opportunities for specific growth with the key market drivers. Find the comprehensive analysis of the Foreign Exchange market segmented by company, region, type 
This report studies the B2B Fuel Cards Market with many aspects of the industry such as market size, market status, market trends and forecast. The report also provides brief information on competitors and opportunities for specific growth with the key market drivers. Find the comprehensive analysis of the B2B Fuel Cards market segmented by company, 
Cisco Systems, Inc. (CSCO) with the stream of 0.85% also noticed, India Citigroup Inc. (C) encountered a rapid change of -1.90% in the last hour of Thursdays trading session. Cisco The post Hot Mover of the Day: Cisco Systems, Inc. (NASDAQ:CSCO), Citigroup Inc. (NYSE:C) appeared first on Stocks Equity .
Summary List Placement JPMorgan is setting out to double the size of its financial advisor force catering to high-net-worth clients, executives said on Thursday, underlining the bank''s quest to catch up to larger wealth management firms it has trailed in size. The bank is planning to hire around 500 financial advisors to work in its JPMorgan Advisors business, which sits within JPMorgan''s wider US wealth management business run by Chief Executive Kristin Lemkau. This group, which currently houses 450 advisors, is separate from the firm''s private bank and its branch-based advisors, which are also hiring quickly around the US . Lemkau and Phil Sieg, who runs JPMorgan Advisors, envision doubling Sieg''s advisor headcount to 1,000 in roughly the next five to seven years, but they have not committed to a firm timeline. The growth will primarily come from external recruitment with some internal hiring into the group. "The belief is that 1,000 is the right balance between getting the strength in numbers to have a more consistent reinvestment in the business, but still keep what''s a boutique, consistently exceptional client experience," Lemkau said during a media roundtable Thursday. "And that''s the balance in these things." While the bank is the largest in the US, its wealth management business that serves clients who are not ultra-wealthy is smaller than its largest rivals, like Bank of America''s Merrill Lynch Wealth Management and Morgan Stanley Wealth Management.
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