Jane Fraser to Succeed Michael Corbat as Citi CEO

Jane Fraser will become the first woman to run a major Wall Street bank, succeeding Michael Corbat as Citigroup chief executive when he retires in February. 


 
JPMorgan Tells Trading-Floor Staff to Come Back to the Office

The bank's giant sales and trading operation is told that their teams must return to the office by Sept. 21. Employees with child-care issues and medical conditions that make them more vulnerable to coronavirus complications can continue working from home. 


 
Lagarde's Optimism on Europe's Economy Triggers Euro Rally

ECB President Christine Lagarde sounded an optimistic tone on the eurozone's stuttering economic recovery and the strength of the euro, sparking a rally in the currency, as the bank left its policy mix unchanged. 


 
Second Top Female Executive at Bridgewater Says Firm Paid Her Less Than Men

The complaint from Karen Karniol-Tambour, the hedge fund's most-senior female executive, follows a gender-discrimination suit from a former co-CEO. 


 
Jordan Co. Receives Fund V Commitments as Firm Transitions Management

The Nebraska Investment Council has given its vote of confidence in Jordan Co.'s management transition with a $50 million pledge to the firm's newest fund. 


 
Fed Debates How to Implement New Policy Strategy

Federal Reserve officials forged an agreement last month on a new framework governing how they will conduct policy over the long run. In preparing for a September meeting, they are debating how exactly to implement this strategy for an economy recovering from a downturn. 


 
New York Fed Seeks to Diversify Firms Providing Emergency Support

A top New York Fed official said the Federal Reserve is trying to broaden who can take part in its pandemic emergency support efforts. 


 
Successful With Chinese Startups, Sequoia China Launches a Hedge Fund

Venture capitalist Neil Shen's Sequoia Capital China is setting up a hedge-fund business to leverage its record of choosing winners in Chinese technology. 


 
Reliance Industries' Market Capitalization Crosses $200 Billion

Reliance Industries has become the first Indian company to see its market capitalization cross $200 billion, joining the ranks of big multinationals like Coca Cola and Netflix. 


 
Home-Selling Startup Orchard Overcomes Odds to Secure $69 Million

The latest funding round valued Orchard at more than $300 million post-money, according to a person familiar with the situation.