Citi is targeting big markets like Seattle and Dallas as battlegrounds to snatch deposits from rivals like JPMorgan Chase and Bank of America

The bank for years has lagged behind competitors in attracting deposits, thanks in part to a vastly smaller bank-branch footprint.

November 08, 2019   |   View Online »

Citi is targeting big markets like Seattle and Dallas as battlegrounds to snatch deposits from rivals like JPMorgan Chase and Bank of America Alex Morrell | The bank for years has lagged behind competitors in attracting deposits, thanks in part to a vastly smaller bank-branch footprint. Read More »

Merrill Lynch just overhauled client-retention incentives for retiring advisers. An internal memo said it will hike payouts and subsidize handovers starting in 2021. Rebecca Ungarino | Andy Sieg, the unit's president, told financial advisers in a memo that the handover program is key to providing "uninterrupted" service to clients. Read More »

Investors are placing huge bets on marijuana as more states legalize THC. Here are the top 25 cannabis startups that have raised the most VC cash. Jeremy Berke | VCs sunk over $3.5 billion into cannabis startups between 2018 and 2019. Here are the startups that received the largest chunks. Read More »

WeWork's coding boot camp Flatiron School has laid off dozens of employees Becky Peterson,Meghan Morris | The layoffs at Flatiron School come weeks after WeWork's failed IPO and the resignation of CEO Adam Neumann. Read More »

The CEO of popular startup Glitch says that it's allowing literally anybody to apply to be on its board of directors because it's the best way to prevent the employee backlashes sweeping Silicon Valley Paayal Zaveri | Glitch, a company that makes a collaborative coding tool, posted an open call for a new board member in what it says is an unprecedented move. Read More »

We asked a 17-year Walmart transportation exec everything about the Fortune 1's massive supply chain network — from increasing sustainability to its trucking fleet that's more exclusive than Harvard. Here's the full conversation. Rachel Premack | Walmart is the largest retailer in the US. It's also one of the largest transportation companies — topped off with an ultra-exclusive trucking fleet. Read More »

2 ex-Sequoia investors who ditched Silicon Valley for Ohio raised a $350 million fund to bring venture capital to America's heartland Melia Russell | Drive Capital, a venture-capital firm based in Columbus, Ohio, has raised a $350 million fund to invest in Midwestern startups. Read More »

Tesla is starting to ditch Salesforce and replace it with its own software for company salespeople Mark Matousek | Tesla is set to abandon Salesforce for a proprietary customer-relationship-management system, three Tesla salespeople confirmed to Business Insider. Read More »

Companies like Google and Microsoft are making big investments in startups looking to disrupt healthcare. Here's where 5 top tech giants are placing their bets. Clarrie Feinstein,Lydia Ramsey | The tech companies are investing in healthcare startups in areas like genomics and chronic disease care. Read More »

A legendary Harvard Business School professor told us the Boeing mess is 'a template for how not to be trustworthy.' Here's what you should do to build public trust instead. Sherin Shibu | Muilenburg giving up his bonus is "a completely weird gesture," Sandra Sucher said. Instead, leaders should make good on four key dimensions of trust. Read More »

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