Familiar faces

Thank you to the more than 1,000 of you worldwide who've signed up for my updates. It's great to see so many familiar faces across finance and macro. Send me feedback about what helps you prepare for the week.

On the international stage, Ukrainian President Volodymyr Zelenskiy pressed his case for financial help from some of America's best-known billionaires, including Ken Griffin and Bill Ackman.

Citigroup warned U.K.-based employees about potential layoffs as the lender pushes ahead with a sweeping reorganization. The move could affect hundreds of jobs.

In the U.S., Bank of America will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay to $25 by 2025.

Hedge funds will likely become increasingly important buyers of U.S. Treasuries after getting more attention for so-called basis trades. "It's a necessary evil to get the capital to meet the demand," said Jason Granet, chief investment officer at BNY Mellon.

A consortium led by investment firm Sixth Street Partners has entered exclusive talks to acquire Goldman Sachs' home improvement lender GreenSky.

Looking ahead, investors are still weighing the surge in U.S. bond yields following the Federal Reserve's hawkish pause last week.

In this week's field report, here is a photo of bumper-to-bumper traffic in New York before the meeting of the United Nations General Assembly (pronounced locally as "Unga").

I attended networking events hosted by the Women's Bond Club, SABEW and the NABJ Business Journalism Task Force. In the week ahead, I'm moderating a panel at the CFA Institute and also heading to NYSE and the Delivering Alpha conference. What autumn events are on your radar?

Happy networking,

Lananh