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.
Tag Archives: Goldman Sachs Group Inc
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
A Bailout Backlash Nears for Airlines
They, and other companies that took pandemic rescue money, face new demands in return for their rescues.
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.
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.
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.
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.
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.
Goldman Sachs Wants Its Bankers Back at the Office
Goldman Sachs is the latest to call an end to remote work.
Goldman Sachs’s Top Image Maker, Jake Siewert, Will Leave
Jake Siewert led the firm’s post-financial crisis reputation makeover.
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.
What Working Too Much Does to Your Body
Excess work isn’t good for anyone, employers included. So why are we still doing it?
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.
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.
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.
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.
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.
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.
How Much Work Is Too Much Work?
Junior bankers at Goldman Sachs raise pointed questions about pay, hours and working conditions.
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.
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.
Big Banks’ Earnings Reflect the U.S. Economy Joe Biden Is Inheriting
Big banks are sending mixed signals.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
Goldman Sachs Now Has a Font
The custom-made Goldman Sans is ‘neutral, with a wink’ — or boring and derivative, according to fontheads.
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.