Wall Street trader — Spencer Platt/Getty Images

Wednesday was an absolute blood bath for the markets. A rise in reported coronavirus cases has led Europe to announce some lockdowns, according to Bloomberg, while CEOs for some of the largest tech companies appeared before US Congress.

If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

JPMorgan's big plans for US wealth management

Here's a great breakdown of all the plans Kristin Lemkau has for JPMorgan's wealth management business.

Rebecca Ungarino got the chance to speak with Lemkau, the chief executive of JPMorgan's US wealth management business.

Lemkau, who previously served as the bank's chief marketing officer, explained plans she has for the business, which the bank has been trying to beef up for nearly a year.

Click here to read the entire story.

Bank of America just named a former fixed-income executive to fill one of the most senior positions in its stock-trading business

Brian Moynihan, the chief executive of Bank of America.
Joshua Roberts/Reuters

Great scoop from Alex Morrell on some people moves over at Bank of America. Check out who has been tapped to be the bank's new head of global equities distribution. Read the story here.

WeWork is demanding overdue rent from hundreds of clients

WeWork offices in San Francisco

Reuters

WeWork is back in the news. The flexible-workspace company is pressuring non-paying customers to cough up the cash, in same cases threatening to send outstanding balances to debt collection and/or arbitration. Get the full rundown here.

NYSE's top regulatory exec is jumping ship to Andreessen Horowitz

Pedestrians walk past the New York Stock Exchange as the building opens for the first time since March while the outbreak of the coronavirus disease (COVID19) continues in the Manhattan borough of New York, U.S., May 26, 2020.
REUTERS/Lucas Jackson

Speaking of people moves, NYSE's chief regulatory officer is on the move, leaving for Andreessen Horowitz. Kevin T. Dugan has got the report on his departure. Read more here.