Topic: JPMorgan

The 10 Best Companies For Internships This Year

The 10 Best Companies For Internships This Year

Internships often get a bad rap. While they are good resume-builders and give you the experience employers look for, they are often unpaid and require you to do the most menial of work. However, there are internships that provide you with everything an internship should–an educational experience, meaningful work and a resume boost. And with the recovering economy, internships are a great way to break into your chosen field. If you’re still unconvinced, or you’re looking for an internship that will actually teach you something, look no further. Vault.com, a source for employer and university rankings and ratings, released Tuesday their list of the 10 best internships of the year based on networking opportunities, training, meaningfulness of the work, and intern satisfaction. More »

Is Ina Drew’s Lyme Disease To Blame For JPMorgan’s Losses?

Is Ina Drew's Lyme Disease To Blame For JPMorgan's Losses?

It’s a lingering question from the current JP Morgan Chase fiasco: how did Ina Drew manage to thrive through the 2008 financial crisis and then make such an enormous mistake in 2012? By all accounts, Drew was one of the most competent and successful managers on Wall Street. So how did could everything go so wrong?

New reports say that the trouble may have began when Ms. Drew contracted Lyme disease in 2010. More »

Ina Drew, One Of The Top Women On Wall Street, Resigns After Scandal

Ina Drew, One Of The Top Women On Wall Street, Resigns After Scandal

A 1995 profile of JPMorgan executive Ina Drew begins with the words “Ina R. Drew loves crises.” Let’s hope that’s still true. Last week, JPMorgan CEO announced a shocking $2 billion trading loss, and said his firm’s handling of the securities trades was “flawed, complex, poorly reviewed, poorly executed and poorly monitored.” Now the Wall Street Journal reports that three top employees will leave the firm this week, including Drew, now one of the highest-ranking women on Wall Street. More »

The JPMorgan Typo Lawsuit And 3 Other Million-Dollar Misprints

The JPMorgan Typo Lawsuit And 3 Other Million-Dollar Misprints

As if you need another reason to proofread emails and documents before they leave your desk: Trader Kai Herbert is just sued his former employer for $900,000 because of a typo in his official job offer letter. Herbert quit his job at UBS in 2010 and moved to South Africa after he received an offer from JPMorgan Chase for 24 million rand, which is about $3.1 million. The only problem is that the real offer was for 2.4 million rand — what a difference a decimal point makes! Now Herbert is suing for that difference, which adds up to almost $1 million. And shockingly, this isn’t the only time a wee little typo has led to a huge lawsuit. More »

10 Company Retreats We Would Like To Go On

10 Company Retreats We Would Like To Go On

The corporate retreat is back. A recent survey conducted by Deloitte LLP, shows 80%of business travelers anticipate more or the same amount of travel for 2011–which means more business meetings and conferences. The rise of corporate travel means the return of the corporate retreat. According to the Brefi Group, the value of corporate retreats is that they remove the team from outside distractions for a sufficient length of time to contemplate strategic and governance issues, including the team’s own development. “There was a general consensus that there was less interaction [with virtual meetings and conference calls], says Terry Sloan, director of meetings for Carlson Wagonlit Travel, a business travel management company. “The trend is we’re going back to companies doing their meetings again.” More »

Karen Peetz Is The Most Powerful Woman In Banking, But For How Long?

Karen Peetz Is The Most Powerful Woman In Banking, But For How Long?

Karen Peetz, Vice Chairman of BNY Mellon, topped the list of the 25 Most Powerful Women in Banking released by American Banker Magazine this week. According to FINS, she manages roughly 17,000 employees around the world and is the first female vice chairman in the company’s history. She was an active participant in BNY Mellon’s administration of the U.S. government’s Troubled Asset Relief Program and also coordinated a deal in 2006 that exchanged BNY Mellon’s retail banking operation for JPMorgan’s corporate trust business. But as women seem to be becoming an even rarer breed on Wall Street, especially lately, Peetz’s reign duration is brought into question. More »