Goldman Sachs pushes back office return plans after government extends lockdown June 16, 2021 Goldman Sachs has pushed back plans to bring its UK staff back to the office after the government decided to extend the current Covid-19 restrictions for another month. The bank was preparing to bring staff back in June, but told workers overnight that it would delay its plans. A note to staff from Goldman Sachs [...]
Morgan Stanley boss: Eating out? Then you can come in to the office June 15, 2021 Morgan Stanley chief executive James Gorman sent a strong message to staff in the US who are reluctant to return to their desks, saying, “If you can go into a restaurant in New York City, you can come into the office.” “By Labor Day, I’ll be very disappointed if people haven’t found their way into [...]
Goldman Sachs UK staff under pressure to reveal vaccine status June 14, 2021 Goldman Sachs has sent a memo to its UK staff that “strongly encouraged” them to report their Covid-19 vaccination status, ahead of a return to the office. The investment bank has has been conducting a voluntary survey amongst staff based at its Plumtree Court headquarters in London since the end of May, when employees were [...]
Goldman Sachs and JP Morgan to pay interns to quarantine in hotels June 13, 2021 Budding bankers at Goldman Sachs and JP Morgan forced to quarantine in hotels before they can begin their City careers will have their costs covered by the banks. The Wall Street titans are among the major lenders preparing to welcome another intake of new starters in the middle of the pandemic. But many of the [...]
Goldman Sachs orders US employees to declare their vaccination status June 10, 2021 Goldman Sachs has sent a memo to staff ordering them to report their Covid-19 vaccination status, ahead of a return to the office. The bank gave its United States employees a deadline of noon on Thursday to declare whether or not they have been vaccinated against Covid-19. In a memo first reported in The New [...]
Rishi Sunak promises to protect the City from Brussels’ financial services bid June 8, 2021 Rishi Sunak, the Chancellor, promised that the City will remain “competitive and dynamic” even in the face of Brussels’ bid to unseat it from its crown, in a private call with banks. Sunak described the financial services industry as a “crown jewel” and, according to reports, said the country will fight to protect it. The [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 2, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Brown Advisory expands London office with senior hires Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. [...]
BoE policymaker urges regulators to probe $10bn Archegos collapse May 26, 2021 A Bank of England’s policymaker has urged that financial regulators today should have a cross-border inquiry into how the collapse of US investment fund Archegos cost banks more than $10bn. Anil Kashyap, a BoE financial policy committee member, also warned that new European Union bank capital rules could have “tragic” outcomes if abused. Archegos collapse [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
Senior Credit Suisse bankers flee to Barclays, Goldman and Citi after Archegos disaster May 19, 2021 About a dozen managing directors at Credit Suisse have recently left the banking giant or are in the process of doing so, with most of them poached by rivals including Barclays, Goldman Sachs and Citibank. Moreover, a range of senior bankers are expected to announce their departure in the coming weeks, with several others also [...]