The move to exclude the institutions from state business is part of a growing effort by Republican officials to shut out companies that are backing away from fossil fuels.
Tag Archives: Goldman Sachs Group Inc
Goldman’s Move to Unlimited Vacation Is Good for … Goldman
Goldman Sachs is the latest company to let workers take as much time off as they want. That means no more unused days — and no need to pay them out later.
The Rules for Hybrid Work Were Always Made Up
As more and more workplaces pause or end the expectation of three days a week in the office, a large-scale return may never be on the horizon.
Ex-Goldman Sachs Banker Convicted for His Role in a $4 Billion Fraud
Roger Ng is most likely the only person who will face trial in the United States in connection with a scheme to fleece the loot billions from a Malaysian sovereign wealth fund.
Wall Street Banks Are Getting Flexible on Working From Home
Many big banks are offering flexible working arrangements — sometimes grudgingly — as they chase talent that would rather stay home.
The Key to a $4 Billion Fraud Case: A Banker Who Says He ‘Lied a Lot’
Only one person is likely to ever face trial in the United States over the looted billions from a Malaysian sovereign wealth fund. The case hangs on his former boss at Goldman Sachs.
Goldman Sachs Is First Big U.S. Bank to Pull Out of Russia
At the end of 2021, the New York bank had more than $700 million in exposure to Russia.
Say Hello Again to the Office, Fingers Crossed
Antsy executives have a message for their employees: Plans to return to in-person work are real this time.
1MDB Trial Will Take a Break So the Defense Can Study New Documents
Prosecutors in a case involving a former Goldman Sachs executive and a Malaysian fund found 15,000 emails and other documents they need to turn over.
1MDB Trial Set to Begin for Ex-Goldman Banker Roger Ngo
Roger Ng was indicted in 2018 for his role in the looting of Malaysia’s government fund. His trial starts Monday.
Wall Street Fights to Keep Talent, but Money Isn’t Always Enough
Banks are raising pay to fend off investment firms, fintechs and crypto start-ups. Still, leaving is often about something other than “always having more and more.”
Stocks climb as investors weigh a surprising jobs report and Amazon earnings.
Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year.
Why Wall Street Is Suddenly Bullish on Work-Life Balance
Even huge bonuses can’t offset plunging morale at investment banks and the rush to escape a “toxic” work culture.
N.Y.C. Struggles To Recover After Omicron Cases Surge
The economic disruptions of the latest Covid wave have hurt blue-collar workers the most, even as Wall Street profits, rents and home sales are soaring.
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.
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.