By Washington Post | PUBLISHED: April 30, 2019 at 8:26 am | UPDATED: April 30, 2019 at 8:39 am By Renae Merle, (c) 2019, The Washington Post JPMorgan Chase, the country’s largest bank, attempted to offer its financially strapped customers some advice Monday. It quickly backfired. If their balances are low, the bank suggested customers “make coffee at home” or “eat the food that’s already in the fridge.” JPMorgan Chase’s brief attempt at levity turned into a social media misadventure with some of the banking industry’s biggest critics, including presidential candidate Sen. Elizabeth Warren, D-Mass., denouncing the tweet and some asking Jamie Dimon, the bank’s chief executive, to apologize. “Hey @Chase, try paying your workers more. Families aren’t spending frivolously; they’re trying to pay rent,” Rep. Katie Porter, a freshman Democrat from California’s Orange County, fired back on Twitter. Dimon … [Read more...] about JPMorgan Chase attempts to banksplain frugality. It does not go well.
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When Tom Benson died last year at the age of 90, he left behind a sprawling empire that included two professional New Orleans sports teams and a group of car dealerships. Unfortunately for him, he spent some of the last years of his life squabbling with heirs over who would get what.The legal battle was marked by claims Benson wasn't mentally competent when he made sweeping changes to his estate plans. His daughter and two grandchildren alleged he was acting at the direction of his third wife, Gayle Benson, 72, whom he married in 2004. Tom Benson rejected the claims, and a Louisiana court agreed. When all was settled, his wife ended up with the New Orleans Saints and the New Orleans Pelicans and his daughter and two grandchildren got most of his other holdings. But it took a lot of time, a lot of lawyers - and presumably a lot of money. This kind of drawn-out fight for control is a risk faced by a growing number of longer-living American billionaires. At least 15 of them died last … [Read more...] about U.S. billionaires increasing in number, and their growing wealth is paying for a whole new industry
Adam Dunbar PORTLAND — Adam Dunbar has joined national full-service financial advisory firm Steward Partners Global Advisory, associated with Raymond James Financial Services Inc., as a senior vice president and partner.He is joined at Steward by Jackie Gervais, a senior registered administrative manager with whom he has worked since starting his career, as well as wealth managers Ralph Good and James Nylund and their team. Previously a financial adviser for Wells Fargo Advisors, Dunbar is leading his own team at Steward Partners. He comes to the company with more than 14 years of experience in the financial services industry and numerous industry accolades, including recognition on Forbes’ Top Next-Generation Wealth Advisors list in 2018. He lives in Auburn and contributes his time frequently as a board member for local community organizations. < Previous Target boosts its minimum starting wage to $13 per hour as war for workers rages Next > filed under: … [Read more...] about Adam Dunbar joins Steward Partners Global Advisory
Both of Colorado’s major-party candidates for governor have made big bets on their own campaigns — and they have the means to do it.But while it’s clear that Democrat Jared Polis and Republican Walker Stapleton are wealthy men, thanks to their business successes, they have refused to tell voters how wealthy — and government rules don’t make them.Stapleton, currently state treasurer, so far has put $1.05 million of his personal fortune into his race for governor. That would be impressive in most other election years. But Polis, Boulder’s congressman, has shocked the political establishment by contributing $21.8 million to his own campaign so far.They’re both certainly comfortable. But beyond a list of assets whose value is unknown, there’s no way to know how comfortable.State law doesn’t require candidates to release tax returns or other detailed disclosures that would tell voters more about a candidate’s wealth, and the … [Read more...] about Colorado’s candidates for governor: Wealthy? Yes. How wealthy? Good question
Emma Kinery, Bloomberg Published 8:46 am PDT, Monday, August 20, 2018 Photo: Luke Sharrett/Bloomberg Image 1of/1 CaptionClose Image 1 of 1 A customer uses the drive-through teller at a US Bancorp branch in Louisville, Kentucky, on July 12, 2018. A customer uses the drive-through teller at a US Bancorp branch in Louisville, Kentucky, on July 12, 2018. Photo: Luke Sharrett/Bloomberg Why banks are giving tellers raises instead of pink slips 1 / 1 Back to Gallery Bank branches still have greeters, coffee and sometimes freshly baked cookies. At HSBC, there's also Pepper the finance robot. About 4 feet tall, Pepper is shiny white with a lemon-shaped head, large eyes that light up blue, and a tablet attached to its chest. Pepper might seem like HSBC Holdings' vision for a not-so-distant future without tellers, but … [Read more...] about Why banks are giving tellers raises instead of pink slips