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The CEO's comments come a day after the bank revealed a strategy to counteract the potential burnout of junior staff. It has hired 65 analysts and 22 associates — and plans to add 100 more employees.
The transaction, set to close in the fourth quarter, would create a bank with about $63 billion in assets. The CEOs of both banks will serve two-year alternating terms in the new entity's top roles.
Rep. Ed Perlmutter, D-CO, has introduced the bill every Congress since 2013. It passed in the House in 2019, only to stall in the then-Republican-controlled Senate, where the bill heads now.
The biggest U.S. bank agreed to underwrite up to $4.8 billion in the endeavor. Backlash has been harsh in the U.K., where the lender plans to launch a digital platform. The bank's corporate sustainability rating has even taken a hit.
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