Today's Business Headlines: 03/19/26
JPMorgan is reportedly using computer tracking to monitor junior bankers’ hours — comparing their self-reported time sheets with internal data to catch underreporting amid ongoing concerns about Wall Street ers working themselves past the point of exhaustion.
JPMorgan CEO Jamie Dimon is rolling out new tech to track junior bankers’ hours amid scrutiny of Wall Street workloads.“Much like the weekly screen time summaries on a smartphone, this tool is about awareness — not enforcement,” JPMorgan told FT in a statement.Nearly 90K bottles of children's ibuprofen recalled nationwide after complaints of 'gel-like mass'while Bank of America rolled out a new timekeeping tool that requires associates to specify how their hours were spent.Jonathan Alpert, a New York-based psychotherapist who works with Wall Street clients, said junior bankers already report “intense pressure” from long hours, being constantly available and fear of falling behind. He warned that added monitoring could reinforce a “never off the clock” mindset — and “accelerate burnout rather than prevent it.” “The deeper issue is cultural,” Alpert told The Post on Friday. “On Wall Street, overwork is still often treated as a signal of commitment. Until that changes, tools like this risk treating the symptom, not the cause.” Months earlier, Leo Lukenas III, 35, a former Green Beret and married father of two young children, died of a heart attack in 2024 after logging workdays of at least 16 hours at BofA., Gary Howe, BofA’s co-head of the financial institutions group. Howe deleted his LinkedIn account shortly after Lukenas’s death.In 2013, BofA enacted an 80-hour cap on junior bankers’ work hours following the death of a 21-year-old intern, Moritz Erhardt.Leo Lukenas III, a Bank of America associate, died in 2024 from a heart-related condition after reported 100-hour work weeks.Erhardt, who interned at the bank’s London offices, died of what officials described as an epileptic seizure. Reports indicated that he’d worked until 6 a.m. three nights in a row before his death. Carter McIntosh, a 28-year-old Jefferies associate in Dallas, was found dead in his apartment in January of last year. His death was later ruled an accidental overdose from fentanyl and cocaine. Colleagues and media reports said he had been working close to 100-hour weeks.Wall Street’s grind culture has long demanded punishing hours from junior bankers, with analysts and associates routinely pulling all-nighters to meet client deadlines and chase multimillion-dollar deals. The workload is often seen as a rite of passage in an industry where stamina and round-the-clock availability are prized as much as technical skill. The payoff can be enormous: entry-level bankers can earn up to $200,000 in salary and bonuses, with far bigger paydays down the line.That lucrative upside — along with exit opportunities in private equity and hedge funds — continues to draw recruits despite growing scrutiny of the toll the job can take.Carter McIntosh, a 28-year-old Jefferies banker, died of an accidental overdose in 2025 as colleagues said he had been working close to 100-hour weeks.which quickly went viralSaudi Arabia warns oil prices could spike past $180 a barrel if Iran war rages on: reportRumored ‘Bachelorette’ winner defends Taylor Frankie Paul after abrupt season ax: ‘Her moment was blocked’ Leonardo DiCaprio shocked all when he brought girlfriend Vittoria Ceretti to the Oscars — but his other guest may also surprise fansJPMorgan CEO Jamie Dimon is rolling out new tech to track junior bankers’ hours amid scrutiny of Wall Street workloads.Leo Lukenas III, a Bank of America associate, died in 2024 from a heart-related condition after reported 100-hour work weeks.Moritz Erhardt, a Bank of America intern, died in 2013 after an epileptic seizure following days of intense work. Carter McIntosh, a 28-year-old Jefferies banker, died of an accidental overdose in 2025 as colleagues said he had been working close to 100-hour weeks. Stream It Or Skip It: ‘Beauty in Black’ Season 2 Part 2 on Netflix, A Surprisingly Dull Continuation of the Tyler Perry Series
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