Lenders are poised to win concessions from central bank chiefs and global regulators over a debt limit they criticized as a blunt instrument that would penalize low-risk activities and curtail lending.
U.S. President Barack Obama began his first full day of a vacation on Martha’s Vineyard in Massachusetts with a round of golf with Robert Wolf, a friend and top Wall Street backer of his 2012 re-election campaign.
JPMorgan Chase & Co., the bank that incurred a $6.2 billion trading loss last year, will elect Linda B. Bammann and Michael A. Neal to its board and named Lee R. Raymond as lead independent director, giving him more powers.
Company executives including UBS AG Chairman for the Americas Robert Wolf and Honeywell International Inc. Chairman David Cote opened a discussion with President Barack Obama today aimed at fostering cooperation and finding ways to spur U.S. economic growth.
Even as President Barack Obama was being attacked in campaign commercials funded in part by America’s business elite, he was making plans to enlist corporate chiefs to help in his first post-election battle.