Why Some Workers Are Getting All the Covid Tests They Need

In the absence of a national effort to make coronavirus testing widely available, a number of big American companies ramped up their own, making tests available for a select group of workers.

#blackrock-inc, #coronavirus-2019-ncov, #coronavirus-return-to-office, #goldman-sachs-group-inc, #google-inc, #jpmorgan-chasecompany, #medicine-and-health, #microsoft-corp, #morgan-stanley, #tests-medical, #workplace-hazards-and-violations

Why Banks Are Slow to Embrace Cloud Computing

Cloud computing is slowly changing how Wall Street banks handle their business, but concerns with security remain.

#amazon-com-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #capital-one-financial-corporation, #cloud-computing, #computers-and-the-internet, #goldman-sachs-group-inc, #google-inc, #jpmorgan-chasecompany, #microsoft-corp, #morgan-stanley, #regulation-and-deregulation-of-industry

Goldman Sachs Follows Wall Street Rivals in Asking Staff to Work From Home

In a shift in policy as Covid cases rise, the Wall Street firm urged U.S. employees who can work remotely to do so until Jan. 18.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-return-to-office, #deutsche-bank-ag, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #morgan-stanley, #quarantine-life-and-culture, #telecommuting, #vaccination-and-immunization, #wells-fargocompany, #workplace-environment

Wall Street Warms Up, Grudgingly, to Remote Work, Unthinkable Before Covid

Finance employees who couldn’t imagine working from home before the pandemic are now reluctant to return to the office. Their bosses can’t figure out how to bring them back.

#bank-of-america-corporation, #banking-and-financial-institutions, #careers-and-professions, #citigroup-inc, #coronavirus-reopenings, #coronavirus-risks-and-safety-concerns, #dimon-james, #dress-codes, #fraser-jane-1967, #goldman-sachs-group-inc, #gorman-james-p, #jefferies-group-inc, #jpmorgan-chasecompany, #labor-and-jobs, #manhattan-nyc, #morgan-stanley, #new-york-city, #partnership-for-new-york-city, #solomon-david-m, #workplace-environment, #wylde-kathryn-s

Wall Street Is Finally Getting Access to China. But for How Long?

Citigroup, JPMorgan Chase and Goldman Sachs are among those eyeing huge potential profits, undeterred by Beijing’s sudden policy changes and friction with the United States.

#banking-and-financial-institutions, #blackrock-inc, #china, #citigroup-inc, #financial-brokers, #goldman-sachs-group-inc, #high-net-worth-individuals, #jpmorgan-chasecompany, #politics-and-government

Saudi Finance Official Is Missing From Conference He Hosts

The unexplained absence of Yasir al-Rumayyan, who oversees the kingdom’s sovereign wealth fund, has highlighted concerns about a lack of transparency.

#blackstone-group-the, #coronavirus-2019-ncov, #goldman-sachs-group-inc, #middle-east, #middle-east-institute, #mohammed-bin-salman-1985, #newcastle-united-soccer-team, #politics-and-government, #private-equity, #riyadh-saudi-arabia, #rumayyan-yasir-al, #saudi-arabia, #soccer, #sovereign-wealth-funds, #vaccination-and-immunization

Missing Foreign Workers Add to Hiring Challenges

Fewer foreign people have been able to work in the U.S. amid the coronavirus, leaving a hole in the potential labor force.

#biden-joseph-r-jr, #congressional-budget-office, #foreign-workers, #goldman-sachs-group-inc, #immigration-and-emigration, #labor-and-jobs, #state-department, #trump-donald-j, #united-states-economy, #visas, #wages-and-salaries

Wall Street Sees a Record-Deal Spree as a Reason for Optimism

Fees from advising corporate clients on mergers and other deals raised bottom lines across Wall Street. Bankers say it’s a good sign for the recovery.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #company-reports, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #mergers-acquisitions-and-divestitures, #morgan-stanley, #solomon-david-m, #united-states-economy

Loans Will Be the Key to Banks’ Future Fortunes

The big banks are expected to benefit from increased consumer spending when they report earnings this week. Where they go from here will depend greatly on lending to households and businesses.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #company-reports, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #lake-marianne, #morgan-stanley, #united-states-economy, #wells-fargocompany

Finance Executives Say Risk of Default Is Already Damaging the Economy

Shortly after the C.E.O.s met with President Biden, Senator Mitch McConnell said he would allow Democrats to raise the debt ceiling enough to push a potential default to December.

#biden-joseph-r-jr, #citigroup-inc, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #fraser-jane-1967, #friedman-adena-t, #goldman-sachs-group-inc, #mcconnell-mitch, #nasdaq-omx-group-inc, #national-debt-us, #republican-party, #senate, #treasury-department, #united-states-politics-and-government

Why Wall Street Backs China Despite Beijing’s Tighter Grip

Beijing is opening its financial system to foreign banks — and they have maintained their traditional openness to the Communist Party’s rule.

#banking-and-financial-institutions, #blackrock-inc, #china, #economic-conditions-and-trends, #foreign-investments, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #stocks-and-bonds, #united-states-international-relations

Katty Kay Resigns From Ozy Media Following NYT Report

The announcement came a day after Ozy’s board said it had hired a law firm to investigate its “business activities.”

#appointments-and-executive-changes, #british-broadcasting-corp, #goldman-sachs-group-inc, #kay-katty, #new-york-times, #news-and-news-media, #ozy-media-inc, #rao-samir, #watson-carlos-1969, #youtube-com

Ozy’s Board Starts Investigation Following Times Report

The New York Times’s media columnist, Ben Smith, reported that Ozy’s chief operating officer had apparently impersonated a YouTube executive during a conference call with Goldman Sachs bankers.

#appointments-and-executive-changes, #boards-of-directors, #federal-bureau-of-investigation, #goldman-sachs-group-inc, #google-inc, #new-york-times, #ozy-media-inc, #rao-samir, #watson-carlos-1969, #youtube-com

Goldman Sachs, Ozy Media and a $40 Million Conference Call Gone Wrong

The digital media company has raised eyebrows for its claims about its audience size for years. Then came the strange voice on the phone.

#emerson-collective, #federal-bureau-of-investigation, #ford-foundation, #goldman-sachs-group-inc, #lasry-marc, #millennial-generation, #news-and-news-media, #securities-and-commodities-violations, #springer-axel-verlag-ag, #venture-capital, #watson-carlos-1969

The End of Unemployment Benefits Can Push People Back to Work

Job seekers are more likely to accept an offer when their extra federal jobless benefits expire.

#coronavirus-2019-ncov, #federal-aid-us, #goldman-sachs-group-inc, #internal-sub-only, #inventions-and-patents, #labor-and-jobs, #republican-party, #unemployment, #unemployment-insurance

Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker

A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.

#automobiles, #banking-and-financial-institutions, #blackrock-inc, #cleveland-ohio, #detroit-mich, #diamondpeak-holdings, #electric-and-hybrid-vehicles, #general-motors, #goldman-sachs-group-inc, #initial-public-offerings, #lordstown-ohio, #lordstown-motors-corp, #mckinseyco, #mergers-acquisitions-and-divestitures, #ohio, #slovenia, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #suits-and-litigation-civil, #workhorse-group-inc

Bank profits are poised to surge as the pandemic recedes.

The country’s biggest banks will report their quarterly earnings this week, reaping the benefits of an economy that’s returning to normal.

#banking-and-financial-institutions, #citigroup-inc, #consumer-behavior, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #morgan-stanley, #united-states-economy, #wells-fargocompany

A Bailout Backlash Nears for Airlines

They, and other companies that took pandemic rescue money, face new demands in return for their rescues.

#airlines-and-airplanes, #alphabet-inc, #american-airlines, #bitcoin-currency, #goldman-sachs-group-inc, #pichai-sundar, #virtual-currency

Supreme Court Gives Goldman Sachs a Do-Over in Securities Fraud Suit

The justices said the bank may renew its arguments that its statements about honesty and integrity were too generic to support a class action for billions of dollars.

#appeals-courts-us, #banking-and-financial-institutions, #barrett-amy-coney, #conflicts-of-interest, #goldman-sachs-group-inc, #securities-and-commodities-violations, #stocks-and-bonds, #subprime-mortgage-crisis, #suits-and-litigation-civil, #supreme-court-us

Companies Are Still Grappling With Their Vaccination Policies

Companies are sending surveys, offering cash rewards and requiring disclosures to find out how much of their work force is vaccinated.

#bank-of-america-corporation, #equal-employment-opportunity-commission, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #labor-and-jobs, #vaccination-and-immunization, #walmart-stores-inc, #workplace-environment

Goldman Sachs Requires All Employees to Report Vaccination Status

Employees of the Wall Street bank will be asked to record the date they received their shots and the maker of the vaccine.

#coronavirus-2019-ncov, #goldman-sachs-group-inc, #vaccination-and-immunization

Surprise: Women and Minorities Are Still Underrepresented in Corporate Boardrooms

The latest version of a multiyear analysis of Fortune 100 and 500 companies found that white women made some gains but that true representation is decades away.

#alliance-for-board-diversity, #boards-of-directors, #fortune-magazine, #goldman-sachs-group-inc, #minorities, #women-and-girls

Discovery-AT&T: How a Huge Media Deal Was Done

An early-morning meeting at a Greenwich Village townhouse, under the watchful eye of Steve McQueen, was part of a monthslong campaign.

#allenco, #bourkoff-aryeh-b, #cable-television, #cnn, #discovery-channel, #goldman-sachs-group-inc, #home-box-office, #liberty-media-corp, #malone-john-c, #media, #mergers-acquisitions-and-divestitures, #stankey-john-t, #television, #time-warner-inc, #video-recordings-downloads-and-streaming, #warner-brothers, #warner-media-llc, #zaslav-david-m

Goldman Sachs Wants Its Bankers Back at the Office

Goldman Sachs is the latest to call an end to remote work.

#banking-and-financial-institutions, #dimon-james, #facebook-inc, #goldman-sachs-group-inc, #interest-rates, #social-media, #solomon-david-m, #virtual-currency, #yellen-janet-l

Goldman Sachs’s Top Image Maker, Jake Siewert, Will Leave

Jake Siewert led the firm’s post-financial crisis reputation makeover.

#appointments-and-executive-changes, #banking-and-financial-institutions, #coronavirus-2019-ncov, #goldman-sachs-group-inc, #international-business-machines-corporation, #warburg-pincus, #workplace-hazards-and-violations

With Earnings Soaring, Wall Street Banks See Economic Boom Ahead

The banks said they released large chunks of money that had been set aside to cushion themselves from losses caused by the pandemic.

#banking-and-financial-institutions, #company-reports, #dimon-james, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #united-states-economy, #wells-fargocompany

What Working Too Much Does to Your Body

Excess work isn’t good for anyone, employers included. So why are we still doing it?

#goldman-sachs-group-inc, #productivity, #saturdaynewsletter, #work-life-balance, #working-hours

With a Big Tax Break, Hong Kong Tries to Soothe the Rich

Beijing, which can’t afford to let its attack on civil liberties scare away global banks and financiers, is offering them a big tax break and other perks.

#bank-of-america-corporation, #banking-and-financial-institutions, #cambridge-associates-llc, #china, #communist-party-of-china, #credit-suisse-group-ag, #goldman-sachs-group-inc, #hedge-funds, #high-net-worth-individuals, #hong-kong, #hsbc-holdings-plc, #morgan-stanley, #regulation-and-deregulation-of-industry, #taxation

He Built a $10 Billion Investment Firm. It Fell Apart in Days.

Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

#archegos-capital-management-llc, #banking-and-financial-institutions, #credit-suisse-group-ag, #derivatives-financial-instruments, #goldman-sachs-group-inc, #gsx-techedu-inc, #hedge-funds, #hwang-bill, #jpmorgan-chasecompany, #morgan-stanley, #regulation-and-deregulation-of-industry, #rlx-technologies, #stocks-and-bonds, #viacomcbs-inc

Returning to the Office Sparks Anxiety and Dread for Some

After a year of working remotely, some employees are not keen to go back to the office, and, so far, employers are being receptive to their concerns.

#amazon-com-inc, #banking-and-financial-institutions, #california-state-university-fullerton, #computers-and-the-internet, #coronavirus-2019-ncov, #de-blasio-bill, #executives-and-management-theory, #ford-motor-co, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #quarantine-life-and-culture, #salesforce-com-inc, #shutdowns-institutional, #solomon-david-m, #target-corporation, #telecommuting, #workplace-environment

Banks Face Billions in Losses as a Bet on ViacomCBS and Other Stocks Goes Awry

Archegos Capital Management, led by Bill Hwang, couldn’t meet financial demands, creating turmoil on Wall Street and raising questions about the fund’s ties to lenders.

#archegos-capital-management, #banking-and-financial-institutions, #credit-suisse-group-ag, #discovery-channel, #goldman-sachs-group-inc, #gsx-techedu, #hwang-bill, #morgan-stanley, #nomura-holdings-inc, #regulation-and-deregulation-of-industry, #rlx-technology, #stocks-and-bonds, #tiger-asia, #tiger-management-llc, #viacomcbs-inc

Supreme Court Looks for Narrow Path in Investors’ Suit Against Goldman Sachs

Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits.

#banking-and-financial-institutions, #barrett-amy-coney, #breyer-stephen-g, #conflicts-of-interest, #goldman-sachs-group-inc, #goldstein-thomas-c, #pensions-and-retirement-plans, #suits-and-litigation-civil, #supreme-court-us

Jeffrey Epstein’s Mansion to Undergo ‘Complete Makeover’

The buyers, Michael D. Daffey, a former Goldman Sachs executive, and his wife, Blake Daffey, paid $51 million for the townhouse, a steep discount from the original asking price.

#epstein-jeffrey-e-1953, #goldman-sachs-group-inc, #manhattan-nyc, #michael-d-daffey, #real-estate-and-housing-residential, #upper-east-side-manhattan-ny, #wexner-leslie-h

How Much Work Is Too Much Work?

Junior bankers at Goldman Sachs raise pointed questions about pay, hours and working conditions.

#banking-and-financial-institutions, #goldman-sachs-group-inc, #work-life-balance

Goldman Sachs Partners’ Exits Point to a Changing Culture at the Bank

An unusually large number of senior executives have left Goldman recently as C.E.O. David Solomon remakes the Wall Street firm.

#appointments-and-executive-changes, #banking-and-financial-institutions, #blankfein-lloyd-c, #goldman-sachs-group-inc, #solomon-david-m

Wall Street Makes Unprecedented Push to Get Out the Vote

Business leaders want their employees to have a say in helping decide who will steer New York City’s economic recovery as its new mayor.

#democratic-party, #elections-mayors, #general-atlantic-llc, #goldman-sachs-group-inc, #neuberger-berman-llc, #new-york-city, #partnership-for-new-york-city, #primaries-and-caucuses, #voter-registration-and-requirements, #voting-and-voters

Big Banks’ Earnings Reflect the U.S. Economy Joe Biden Is Inheriting

Big banks are sending mixed signals.

#amazon-com-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-2019-ncov, #executive-orders-and-memorandums, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #morgan-stanley, #stimulus-economic, #united-states-economy, #vaccination-and-immunization, #wells-fargocompany

AT&T, JPMorgan and Coca-Cola Pull Back Political Giving Following Capitol Riots

AT&T and Marriott were among companies that will stop campaign contributions to lawmakers who objected to certifying the election. Other companies, such as JPMorgan, paused all political donations.

#att-inc, #charles-schwab-corporation, #citigroup-inc, #corporations, #cruz-ted, #facebook-inc, #fedex-corporation, #goldman-sachs-group-inc, #hawley-josh-d-1979, #jpmorgan-chasecompany, #lincoln-project, #lobbying-and-lobbyists, #marriott-international-inc, #morgan-stanley, #political-action-committees, #politics-and-government, #presidential-transition-us, #storming-of-the-us-capitol-jan-2021, #trump-donald-j, #twitter, #united-states, #united-states-politics-and-government, #walmart-stores-inc

Stock Trades by Senator Perdue Said to Have Prompted Justice Dept. Inquiry

Investigators focused on a sale of at least $1 million of stock in Cardlytics, a financial firm whose board the senator once sat on. They closed the case this summer without charges.

#cardlytics-inc, #elections-senate, #georgia, #goldman-sachs-group-inc, #insider-trading, #justice-department, #perdue-david-a-jr, #securities-and-exchange-commission, #senate, #united-states-politics-and-government

Jay Clayton, S.E.C. Chairman, Is Stepping Down

Jay Clayton, who has led the securities regulator since 2017, will leave by the end of the year.

#appointments-and-executive-changes, #banking-and-financial-institutions, #clayton-walter-j, #goldman-sachs-group-inc, #paulson-henry-m-jr, #powell-dina, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states-international-relations

Goldman Sachs Unit Pleads Guilty Over Fraud Scheme

All told, Goldman will pay billions in penalties and disgorgement in Malaysia, the United States and Hong Kong for its role in the looting of the 1Malaysia Development Berhad fund.

#1malaysia-development-berhad-1mdb, #banking-and-financial-institutions, #blankfein-lloyd-c, #bribery-and-kickbacks, #department-of-financial-services-nys, #goldman-sachs-group-inc, #justice-department, #leissner-tim, #low-jho-1981, #ng-roger, #politics-and-government, #securities-and-commodities-violations, #securities-and-exchange-commission

Goldman Sachs Is Said to Admit Mistakes in 1MDB Scandal

A foreign subsidiary of the Wall Street giant will plead guilty under an agreement with the Justice Department, according to a person familiar with the deal.

#1malaysia-development-berhad-1mdb, #embezzlement, #ethics-and-official-misconduct, #goldman-sachs-group-inc, #justice-department, #low-jho-1981

Finding the Right Path in an Up-and-Down Market

Does the latest twist herald the end of a bull run or the beginning of a shift toward long-neglected niches?

#american-express-company, #banking-and-financial-institutions, #blackrock-inc, #chegg-inc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #goldman-sachs-group-inc, #inflation-economics, #intercontinental-exchange-inc, #interest-rates, #lazard-llc, #leuthold-group, #medtronic-inc, #nasdaq-composite-index, #netflix-inc, #recession-and-depression, #roku, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government, #vanguard-group-inc

A Columnist Makes Sense of Wall Street Like None Other (See Footnote)

Finance journalism isn’t known for its writerly voices. Matt Levine, the author of Money Stuff, is an oddball exception.

#banking-and-financial-institutions, #blogs-and-blogging-internet, #goldman-sachs-group-inc, #high-net-worth-individuals, #media, #wall-street-manhattan-ny, #writing-and-writers

Reid Hoffman and Mark Pincus On What Makes Their SPAC Different

Silicon Valley stars Reid Hoffman and Mark Pincus explain what makes their blank-check company different.

#airlines-and-airplanes, #beijing-bytedance-technology-co-ltd, #coronavirus-2019-ncov, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #mergers-acquisitions-and-divestitures, #oracle-corporation, #tiktok-bytedance, #walmart-stores-inc

How Can Executives Reach the Mayor? Try a Strong Letter.

Business leaders wrote Bill de Blasio asking for help bringing their employees back to the office. He asked for their help in return.

#brooklyn-nyc, #condominiums, #coronavirus-reopenings, #de-blasio-bill, #goldman-sachs-group-inc, #high-net-worth-individuals, #jetblue-airways-corporation, #morgan-stanley, #new-york-city, #partnership-for-new-york-city, #queens-nyc, #real-estate-and-housing-residential, #warby-parker

London Offices Aren’t Refilling Fast Enough for Shops Relying on Them

The British government and business lobby want workers to return to support surrounding businesses, but some city offices are only 15 percent full.

#coronavirus-2019-ncov, #dentons-llp, #economic-conditions-and-trends, #goldman-sachs-group-inc, #great-britain, #london-england, #quarantines, #real-estate-commercial, #schroders, #shopping-and-retail, #small-business, #telecommuting

Goldman Sachs Has Money. It Has Power. And Now It Has a Font

The custom-made Goldman Sans is ‘neutral, with a wink’ — or boring and derivative, according to fontheads.

#banking-and-financial-institutions, #design, #goldman-sachs-group-inc, #open-source-software, #software, #typography

Goldman Sachs Now Has a Font

The custom-made Goldman Sans is ‘neutral, with a wink’ — or boring and derivative, according to fontheads.

#banking-and-financial-institutions, #design, #goldman-sachs-group-inc, #open-source-software, #software, #typography

Kamala Harris Has Wall Street and Silicon Valley’s Support

Joe Biden’s selection of a relatively moderate vice-presidential running mate seems to have been well received among the executive class.

#goldman-sachs-group-inc, #harris-kamala-d, #presidential-election-of-2020, #solomon-david-m