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Added on the 15/01/2015 16:45:00 - Copyright : Reuters EN
Getty Images Storied Wall Street bank Goldman Sachs has been going through some massive changes under CEO David Solomon. It's taken big steps involving transparency and inclusion to change up its culture. It has seen a slew of partner departures — many in the securities division. And it's making big pushes into businesses like wealth management and transaction banking. The bank announced third-quarter earnings on Wednesday that trounced Wall Street's estimates and showed continued strength through the coronavirus pandemic. The latest on people moves, deals, wealth management Goldman Sachs' Joe Duran is planning to hire dozens of advisors for the firm's wealth business, and says it's getting a boost from companies pushing early retirements and layoffs Goldman Sachs just shook up its divisions to create a new consumer and wealth-management arm that will be run by Stephanie Cohen and Tucker York Read the full memo Goldman Sachs just sent announcing a leadership shakeup in its powerhouse M&A group A majority of Goldman Sachs' summer interns prefer Instagram to TikTok, believe remote work hurts relationships, and think Biden will be elected president in November Goldman Sachs, JPMorgan, and Citi are Wall Street's most active fintech investors.
Citigroup reported a massive jump in profit on lower costs; Wells Fargo profits fell in the last quarter as it set aside more money to cover bad loans. Bobbi Rebell reports.
Reuters A former Bank of America analyst charged over $20,000 to his corporate card at an "adult venue," a complaint from the securities industry self-regulator FINRA filed Friday alleges. The former employee still has not paid the firm back and said that his card was stolen, the complaint said. But a recording of the employee phoning his corporate card's call center shows otherwise, the complaint alleged. Visit Business Insider's homepage for more stories. A former Bank of America analyst charged close to $21,000 at an "adult venue" to his corporate credit card and didn't pay the company back, a complaint filed Friday by a financial regulatory authority alleged.
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