The chairman’s jet use also raised concerns, with some board members fearing he lacked credibility to fix what had come to be seen as the bank’s broken culture.6 min read
Streetwise
The Swiss bank’s investors might have expected a corporate governance disaster based on its ESG scores—but only if they picked the right ratings agency.5 min read
WSJ News Exclusive
The activist investor is renewing a push to get the department-store chain to take action to boost its lagging stock, including altering its board.2 min read
In his annual letter to the CEOs of the companies in which BlackRock invests, Larry Fink said businesses that don’t plan for a carbon-free future risk being left behind. The quest for long-term returns, and not politics, is what animates the money manager’s efforts, he wrote.3 min read
U.S. stocks are off to a rocky start in 2022, and hundreds of U.S.-listed companies with market capitalizations above $10 billion are down at least 20% from their highs. While some have bounced from their lows, many remain in bear-market territory.103
U.S. markets were closed for a public holiday Monday, and trading activity globally was light.3 min read
The online retailer, which has criticized Visa’s fees, said it is negotiating a deal that would allow customers to keep using their U.K. cards.1 min read
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