David Scheer

Senior Editor at Bloomberg News, focusing on banks, Wall Street and the automation thereof. Based in Seattle. RTs aren't endorsements. Views are my own.

[David Scheer @david_scheer]

EXCLUSIVE: The SEC has opened multiple probes into well-times bets on SPAC deals. Here’s a look at the pattern of lucrative trades setting off alarms — by ⁦@NBuhayar⁩ and ⁦@robinsonmatt⁩ https://t.co/K3k3UvGgaD

[Sridhar Natarajan @sridinats]

A banker’s portrait of racism inside HSBC has sparks an internal probe.

One typical comment that’s frequently aired across Wall Street:

“It’s never been harder than right now, being a White man in banking.”

https://t.co/JmLmQ3KijU w/ @harrynwilson

[Alan Goldstein @alanmgoldstein]

An HSBC employee’s 48-page report on discrimination and racism at the bank prompted an internal probe https://t.co/YAUTbAFPFG via @bbgequality @harrynwilson @sridinats

[David Scheer @david_scheer]

@BondHack @sridinats Twittergeschichtezerstörung?

[David Scheer @david_scheer]

When you happily show people how you make a living and they write:

“You get more done in a day than I do in a month!”

“I can’t imagine this is particularly healthy.”

“God what a terrible existence.”

By ⁦@jennysurane⁩ ⁦@hannahlevitt⁩ https://t.co/xckV5BCiqO

[David Scheer @david_scheer]

“Most issuers looked at this and thought, ‘This is going to be a disaster. We better shut this down.’” By @nasiripour https://t.co/uarVYL9DeQ

[David Scheer @david_scheer]

@ryanbeckwith I was decades early on the trend story!

[Sridhar Natarajan @sridinats]

NEW: Goldman Sachs is exploring plans to set up a base in South Florida for one of its main units.

what’s clear is more Goldman jobs heading out of New York faster than planned after the giant remote-work experiment.
https://t.co/VNH60oNG3T

[Max Abelson @maxabelson]

"When a Bloomberg reporter attempted to call a Morgan Stanley executive and tried to leave a message, his wife said she didn’t know about his contributions, asked for details and then needed a moment to catch her breath." Dang, @nasiripour and @parmarhema https://t.co/TiDaZpEs9f

[Michelle F. Davis @MichelleF_Davis]

dozens of interviews with Black workers across Wall Street reflect a sobering reality: the industry has mostly failed its people of color and few see that changing anytime soon.
https://t.co/MjewHcKAs3

[David Scheer @david_scheer]

Eye-popping rates in #mortgage land -- by Shahien Nasiripour and Prashant Gopal @nasiripour https://t.co/1vzEv3z0MO

[Max Abelson @maxabelson]

The rich are just like you and me.

The slight difference is when an outbreak looms they call up the hospitals with their names on it, plan to fly out of town with or without their families, and ask their concierge doctor in Aspen for vaccines
https://t.co/4OAF0YcADa

[David Scheer @david_scheer]

A quiet $850 million loss inside @JPMorgan. Public complaining. And a now turnaround. @MichelleF_Davis takes a behind-the-scenes look at its struggles in mortgage lending.

https://t.co/8o5LpyPoON

[David Scheer @david_scheer]

“It’s like putting a sandwich in front of me and I haven’t eaten all day.” #Banks are raising credit card limits for subprime and near-prime borrowers who didn't ask for it. By @MichelleF_Davis

https://t.co/x1m31SSPuH

[David Scheer @david_scheer]

SCOOP by @hannahlevitt on federal cases looming against as many as 10 former @WellsFargo executives
https://t.co/9w17qytJcQ

[Karen Weise @KYWeise]

Yes, @NBuhayar will read the fine print of your rulemaking and find on pg 100 that regulators want to let banks count loans to build football stadiums as helping poor areas https://t.co/LCjiuWTFU3

[David Scheer @david_scheer]

@sonalibasak Editor #1 doesn't tweet much, but that doesn't mean he isn't on Twitter.

[David Scheer @david_scheer]

In case you missed today's Congressional grilling of seven bank CEOs...

https://t.co/aFPuAtnqAO

[David Scheer @david_scheer]

Who's going to be @WellsFargo's next CEO? Here's @HannahLevitt's recent look at top candidates and why recruiting one may be tough

https://t.co/wJClcSnBb4

[David Scheer @david_scheer]

More women on boards AND more women running divisions. Seems like Canadian banks have figured out something their U.S. counterparts are really struggling with -- by @dscrybe

https://t.co/oibepYUuJE