Welcome back, everyone.
The return of dining in New York has been a welcome change. And while outdoor seating does add a certain European flair to things, there are some downsides.
It’s tough to enjoy a nice steak while it’s absolutely sweltering outside. And then there’s the issue of ambiance. I have a hard time focusing on my artisanal burger when cars are screaming past my table.
Here’s a fantastic story from three of my colleagues on how Wall Street has adapted entertaining clients. Rebecca Ungarino, Meghan Morris, and Bradley Saacks have all the details on ways dealmakers, lawyers, and vendors are looking to schmooze clients.
The trio have all the details on the creative ways Wall Street is looking to stay on clients good side. Click here to read the fully story.
You don’t have to worry about layoffs if you pay people to leave first. That’s been the strategy at investment manager TIAA, which said it will avoid layoffs next year after so many of its employees took its voluntary separation package (here’s a reminder of what that was). Click here for the full story from Meghan Morris.
POWER PLAYERS: Meet the 15 execs at Mastercard driving an ambitious push into new businesses built on cybersecurity, data, and analytics
It’s quite the time to be in the payments businesses. The coronavirus has drastically altered the game, as nearly everyone’s focus has shifted to digital payments. Card giant Mastercard is no different. Click here for the 15 executives leading change, as highlighted by Shannen Balogh.
Last week we heard about issues going on with Merrill Lynch Wealth Management’s financial advisor trainees (here’s a refresher in case you forgot). Well, turns out the head of Merrill Lynch’s financial adviser training program is leaving. Rebecca Ungarino has the full story, which you can read here, including what’s in store for the successor.
SL Green is moving to foreclose on a building on NYC’s glitzy Fifth Avenue shopping corridor, highlighting a dismal outlook for commercial real-estate
Justin Sullivan/Getty Images
Daniel Geiger has the latest details on a New York landlord moving to foreclose on a building as the real-estate market continues to get rocked. Click here for the full story on SL Green beginning the foreclosure process on 590 Fifth Avenue.
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