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It was a day The Wall Street Journal. There are days I am grateful to be in a newsroom, especially this one. Yesterday was one of them.

Regulators are probing JPMorgan, Wells Fargo and Bank of America over their handling of payments platform Zelle, which has been facing scrutiny over scams. Scoop from ⁦AnnaMaria Andriotis⁩ ⁦alexander saeedy⁩ & ⁦Andrew Ackerman⁩ wsj.com/finance/bankin…

Exclusive: JPMorgan is in talks with Apple about taking over the tech giant’s credit-card program from Goldman Sachs on.wsj.com/3zopphK on.wsj.com/3zopphK

Here is an early look at the front page of today's Wall Street Journal on.wsj.com/3TxoGBJ

The Wall Street Veteran Leading Disney’s Search for Iger’s Replacement ⁦AnnaMaria Andriotis⁩ Robbie Whelan ⁦Emily Glazer⁩ wsj.com/business/media…

Dealmakers licking their chops! W/ ⁦Gregory Zuckerman⁩, ⁦AnnaMaria Andriotis⁩ and ⁦Jack Pitcher⁩ wsj.com/finance/stocks…

Must read story by AnnaMaria Andriotis --> Internal Morgan Stanley documents describe weak anti-money-laundering controls and a failure to complete due-diligence reviews of clients as staff expressed alarm: ‘We need to kill this.’ wsj.com/finance/bankin… via The Wall Street Journal

Backlogs in due-diligence reviews, missed red flags and weak technology: Morgan Stanley internal documents reveal day-to-day operations appeared to fall short of anti-money-laundering standards 🔗 on.wsj.com/4i9zH70

Despite the focus on international customers, some employees who were supposed to assess client risk didn’t know the necessary languages, and used Google translate to make sense of foreign documents. Breakdowns occurred at almost every level and have festered for years.

Goldman is combining 3 key groups in its global banking & markets division and making other changes as it positions itself to become a bigger player in financing. As part of that, it's naming 2 execs - Pete Lyon & Mahesh Saireddy -- to its management committee.

Scoop: Conservative shareholders are targeting JPMorgan and Goldman Sachs and pushing them to abandon their diversity, equity and inclusion policies. W/AnnaMaria Andriotis wsj.com/finance/bankin…

Trump officials mull (w/o congress) combining FDIC & Treasury/OCC. Person familiar says one individual could lead OCC & FDIC; OCC would attempt to take over FDIC's role supervising/winding down banks. Gina Heeb Brian Schwartz AnnaMaria Andriotis wsj.com/finance/regula…

Morgan Stanley leaned into DEI, but both white and Black employees say the efforts added to a divisive culture with few winners. The bank is now watering down initiatives. w/ Lauren Weber wsj.com/finance/bankin…

NEW: Wall Street’s heavy hitters begin speaking out against Trump’s tariffs. W/AnnaMaria Andriotis wsj.com/politics/polic…

As tariffs roil markets, Wall Street’s elite bank CEOs aren’t in contact with the White House to the extent they have been during past disruptions — and when they are, they sense their opinions don’t carry weight. AnnaMaria Andriotis Gina Heeb alexander saeedy wsj.com/finance/bankin…

NEW: World Economic Forum founder Klaus Schwab is under investigation by the organization he created, after a new whistleblower letter alleged financial and ethical misconduct. More on the recent boardroom drama here: wsj.com/business/world… w/jenny strasburg AnnaMaria Andriotis

Goldman's DEI initiative "One Million Black Women" is no longer only for Black women. Its educational program "Black in Business" that used to be for Black businesswomen is now about staying "in the black" - in reference to profits, not race.

Our The Wall Street Journal story about how Klaus Schwab lost control of the organization he founded more than half a century ago, in insider-level detail. The implosion was spurred by a 2024 The Wall Street Journal investigation by Shalini Ramachandran Khadeeja Safdar. Latest, with Shalini Ramachandran Suzanne Vranica AnnaMaria Andriotis