Davos recap

We did it! I'm awestruck again by the great collaboration from Team Reuters at the World Economic Forum in Davos. We had journalists from all around the world converge for a week of breaking news, high-level source meetings and talking shop. You can read our coverage here. I've written before about how journalists sometimes have an unspoken understanding. If we're in a room with officials or executives, we wordlessly divvy up which leaders to doorstep. This even applies to colleagues meeting for the first time to cover for an international event. Somehow, we just know what to do.

Here's what you need to know on the finance beat this week:

Bank of America and JPMorgan Chase are set to lobby the White House and Congress to defend themselves from accusations by President Donald Trump and others that they have shut down accounts of conservative customers on political grounds.

The criticism came days after BofA CEO Brian Moynihan welcomed economic policies announced by Trump since his inauguration as a "good thing" for business.

JPMorgan's awarded CEO Jamie Dimon $39 million for 2024, up 8%, after the bank posted a record profit.

The Senate Commerce Committee will hold a Jan. 29 hearing on Cantor Fitzgerald CEO Howard Lutnick, Trump's nominee to lead the Commerce Department.

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk.

In this week's field report, here is a little Davos magic. I went to a dinner, and who should sit down next to me but Bill Nye the Science Guy:

And here's a view from the slopes.

I'm back in NYC and looking forward to arranging more meetings in the coming weeks.

All the best,

Lananh