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Colin Kahl is the target this time.

Sabbaticals are a new corporate perk The Week Staff Today's best articles Daily business briefing Sabbaticals are a new corporate perk Citigroup is the latest big company to recognize that workers need an improvement in work-life balance, said Elisa Martinuzzi at Bloomberg. The Wall Street bank announced last week it will begin offering three-month sabbaticals (at 25 percent pay) to staff with at least five years of service. Citigroup also promises "a month of fully paid leave to anyone who wants to work pro bono for a charity." So far, sabbati...

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Federal bank examiners considered levying fines and sanctions when JPMorgan Chase informed them last year that faulty overdraft charges caused by a software glitch had impacted roughly 170,000 customers. But the bank urged the Office of the Comptroller of the Currency, or OCC, its chief regulator, to take less severe action, according to two people directly involved in the probe and internal documents reviewed by ProPublica and The Capitol Forum. Rather than openly penalizing Chase, the nation’s largest bank, OCC officials decided to issue a quiet reprimand — a supervisory letter — that...

Patrick Rucker (The Capitol Forum) 15 December 2020  0 Documents and records show that US bank examiners have avoided penalizing at least six banks that incorrectly charged overdraft and related fees to hundreds of thousands of customers.   Federal bank examiners considered levying fines and sanctions when JPMorgan Chase informed them last year that faulty overdraft charges caused by a software glitch had impacted roughly 170,000 customers.   But the bank urged the Office of the Comptroller of the Currency, or OCC, its chief regulator, to take less severe action, according to two people di...