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Earlier this month, Reuters reported, citing a source, that BofA's bonus pool for investment bankers will probably rise 10% for the previous year. Jan 17 (Reuters) - The U.S. Equal Employment Opportunity Commission on Friday sued two large automakers, accusing General Motors (GM.N), opens new tab and the United Auto Workers of age discrimination and the Stellantis (STLAM.MI) , opens new tab unit that includes Chrysler of subjecting female employees to sexual harassment. GM and the UAW were accused of having since October 2019 maintained a sickness-and-accident benefits policy under their collective bargaining agreement that reduces payouts to older employees who receive Social Security benefits. The EEOC said the policy, covering at least 50 GM facilities nationwide, discriminates against employees ages 66 and older, violating the federal Age Discrimination in Employment Act. Stellantis' FCA US unit, meanwhile, was accused of having since December 2020 tolerated pervasive sexual harassment of female employees at a Detroit assembly plant, and routinely ignored their complaints about male supervisors and co-workers, some of whom were placed in leadership roles. The EEOC said the alleged harassment included inappropriate touching and sexually charged comments, and together with FCA's failure to discipline male harassers created a hostile work environment that violated Title VII of the Civil Rights Act of 1964. GM had no immediate comment, having yet to review its complaint. FCA and the UAW did not immediately respond to requests for comment about their respective cases. The GM and UAW lawsuit seeks to recoup benefits that workers ages 66 and older deserved but never received, while the FCA lawsuit seeks compensatory and punitive damages for female employees at the Detroit plant. Both lawsuits also seek permanent injunctions against further wrongful conduct. GM and the UAW were sued in the federal court in New Albany, Indiana, while FCA was sued in Detroit federal court. The lawsuits are part of a string of enforcement actions by several federal agencies in the final days of the Biden administration. It is unclear how EEOC enforcement priorities will change after President-elect Donald Trump enters the White House. TORONTO, Jan 17 (Reuters) - Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks. The departures from the Net-Zero Banking Alliance began with Goldman Sachs' (GS.N) , opens new tab announcement on Dec. 6 and come ahead of Donald Trump's return to the White House next week. Trump has been critical of efforts by governments to prescribe climate-change policies.



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TTHvUIbdnDWA017OWG09DFH20ul0mhuTEuzHUDu54h805pf61kw722r1iznEUkuwUNY7IQ “We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Trump said at the White House on Tuesday. The president was joined by SoftBank’s Masayoshi Son, OpenAI’s Sam Altman and Oracle’s Larry Ellison. The joint venture will deploy $100 billion “immediately” and have a goal of increasing to “at least” $500 billion to build new infrastructure for OpenAI, including data centers and physical campuses, said Son, who will be the venture’s chairman. Initial equity will come from SoftBank, OpenAI, Oracle and Abu Dhabi state investor MGX, with a buildout of the first computing system starting in Texas, SoftBank said. While SoftBank and OpenAI are the lead partners in the venture, SoftBank will be in charge of financing and OpenAI will oversee operations, it said. Arm Holdings Plc, Microsoft Corp. and Nvidia Corp. will provide technology, along with Oracle and OpenAI, it said. Trump has signaled a wide-ranging approach to ensure US leadership in AI, with pledges to spur private-sector investment by accelerating the permit process and easing other regulations. Those efforts will be steered by tech industry leaders who’ve joined his administration, including incoming AI-crypto czar David Sacks and Elon Musk, who has emerged as one of the president’s closest advisers.