Todd Gillespie,
Todd Gillespie is a financial news reporter at Bloomberg. He covers stories related to banks and their business strategies. With a background in finance, Todd provides insightful analysis on the latest developments in the industry. His articles often focus on topics such as mergers and acquisitions, regulatory changes, and market trends affecting major financial institutions.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Wall Street Banks Force Hundreds of Employees to Return to Office Amidst Regulatory Changes
Broke On: Friday, 24 May 2024Wall Street banks, including Citigroup, Barclays, and HSBC, are mandating the return of hundreds to thousands of employees to the office full-time due to new regulations from the Financial Industry Regulatory Authority (Finra). Notable firms like Citigroup and Barclays will require most staff to return completely or spend five days a week in the office. Finra's updated rules may end remote work for many traders and dealmakers, as banks weigh the costs against compliance. Finra's New Rules Prompt Wall Street Firms to Reconsider Remote Work Policies: Barclays, Citigroup, HSBC and Truist Financial Corp. Consider Full-Time Office Attendance
Broke On: Friday, 24 May 2024The Financial Industry Regulatory Authority (Finra) is implementing new rules for supervising work-from-home arrangements, effective June 1, 2024. These regulations require brokerages to list some home offices in regulatory records and establish inspection regimes for certain home offices. Some firms, including Barclays, Citigroup, HSBC, and Truist Financial Corp., are considering requiring staff to work in the office full-time due to these additional compliance hurdles.