Joy and purpose
We are so back! Happy new year. I have two words in mind as we head into 2025: joy and purpose. I'm approaching this year with intention and gratitude for my family and loved ones. Workwise, as our banking team gets back into full swing this week, I'm looking forward to building on our gains and getting more scoops! What are your big plans for the new year?
Let's dive into our first update of 2025:
Citigroup and Bank of America are exiting the Net-Zero Banking Alliance, a group of global banks that have pledged to curb greenhouse gas emissions. Morgan Stanley also decided to leave.
The Federal Deposit Insurance Corp told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto companies, contrary to industry complaints of widespread "debanking."
Citi's stock could double over the next three years as profits surge, expenses moderate and it undergoes the most significant reorganization in decades, Wells Fargo analysts wrote.
The FDIC has told asset manager BlackRock it has until Jan. 10 to accept an agreement that would allow the agency to step up scrutiny of its investments in FDIC-regulated banks.
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Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for U.S. Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal's prospects to investors.
In this week's field report, I'm celebrating a health milestone. I've completed 200 SoulCycle rides, mostly taking classes with my tough and inspiring coach, Cameron. Here's the, before and after of my 200th class:
Coming up, we're already getting ready for bank earnings mid-month, the U.S. presidential inauguration and the World Economic Forum's annual meeting in Davos. I'm headed to Davos and am eager to meet with business leaders and officials, so please reach out if you or your colleagues will be there. Event invitations are also welcome!
Best wishes for a happy, healthy and successful new year,
Lananh
NLP, Gestalt and Generative Coaching, Corporate and Personal Transformation. Executive Recruiting in Foreign Exchange, Fintech, Global Macro, Operations and Compliance.
2 个月Happy New Year Lananh! You have the most important elements for it in place.
SVP, Senior Investment Strategist at Bernstein | Global Investment Solutions | Data Science | Career Mentoring
2 个月Terrific post! Short and street is simply excellent.
Way to ring in the new year!
Head of Communications, US & Americas, HSBC
2 个月Excellent post thank you for the reminder that we all have a fresh start and can approach this year with not only purpose but joy! Looking forward to working with you this year!