New York Times: Wall Street Grudgingly Allows Remote Work as Bankers Dig In

New York Times: Wall Street Grudgingly Allows Remote Work as Bankers Dig In. “Wall Street is in revolt. Across the financial industry, at firms big and small, workers are slow-walking their return to the office. Bankers for whom working from home was once unfathomable now can’t imagine going back to the office full-time. Parents remain worried about transmitting the coronavirus to their children. Suburban dwellers are chafing at the thought of resuming long commutes. And many younger employees prefer to work remotely.”

A new front in coronavirus disinformation: Wall Street research (CNN)

CNN: A new front in coronavirus disinformation: Wall Street research. “Coronavirus misinformation is infecting the unlikeliest of places: Wall Street research that investors rely on to trade in the financial markets. In an early August note to clients, an analyst at a research firm called Fundstrat Global Advisors, which distributes widely-read reports and analysis to investors, cited a series of tweets by an ophthalmologist named James Todaro who painted a rosy picture of the US population’s potential for developing herd immunity to coronavirus.”

Quartz: Wall Street’s watchdog is obscuring data that could protect investors

Quartz: Wall Street’s watchdog is obscuring data that could protect investors. “BrokerCheck is operated by an industry-run regulator. And the way it presents data has the power to distort markets and protect the profits of financial institutions. The only reason we know this is that, finally, its grip on the data is slipping. Starting a few years ago, a handful of pioneering academics were able extract the critical firm-related data from individual profiles. It’s thanks largely to these analyses, which offer vastly more complete data on firm behavior, that we’re starting to see how little investors are being told—and how much the ignorance costs them.”