Bloomberg JPMorgan Chase & Co. said Lee Raymond, the company’s longest-serving director, is resigning from the board. Raymond, the former Exxon Mobil Corp. boss who’s been on the board of the biggest US bank for more than three decades, notified JPMorgan of his intention to resign effective December 31, according to a regulatory filing. The decision was “not the result ...

Bloomberg The Bank of Russia warned growing risks of higher inflation may leave no room for further monetary easing after it kept the key rate unchanged at a third consecutive policy meeting. The key rate was kept at 4.25%, the lowest level on record, after 200 basis points of cuts earlier this year. The central bank left the door open ...

Bloomberg The problem with writing an annual retrospective on the luxury cars that should have been better in 2020 is that the worst of them weren’t actually bad, they were just forgettable. Or underwhelming. When you consider that the worst cars in past decades would actually break down, blow up, or impale you upon impact, complaining about being forgettable or ...