Morgan Stanley hikes pay for junior bankers … again August 31, 2021 Morgan Stanley has raised base salaries for entry-level bankers for the second time in a month, heating up the pay hike frenzy as Wall Street rivals compete for junior talent. Junior bankers at the US investment bank will now be paid a base salary of $110,000 – up from the previous rise from $85,000 to [...]
Goldman Sachs doubles managed assets to over $600bn with latest deal August 19, 2021 Goldman Sachs is set to buy Dutch insurance group NN’s asset management division for some €1.7bn – the Wall Street giant’s biggest acquisition since 2018. The deal for asset management arm NN Investment Partners (NNIP) forms part of Goldman Sachs boss David Solomon’s strategy to make the bank’s revenues less reliant on global markets and [...]
Goldman Sachs boosts junior bankers’ pay to over $110k after 95-hour work week complaints August 3, 2021 Goldman Sachs has become the last of the Wall Street banking giants to bump up pay for its junior investment bankers, after analysts at the bank sent a presentation to management revealing colossal workloads. First-year analysts at the bank will now make between $110,000 and $150,000. Upon their second year at the bank, analysts’ base [...]
Xavier Rolet hits back at junior bankers complaining about working hours August 2, 2021 The former boss of the London Stock Exchange Group, Xavier Rolet, has accused junior bankers who routinely work 100-hour weeks of moaning about conditions. A survey taken by 13 new recruits at Goldman Sachs revealed that surging workloads have taken a toll on mental health during the pandemic. Pleas by junior bankers to work just [...]
Klarna-challenger Zilch strikes $110m deal with Goldman Sachs and Daily Mail owner July 23, 2021 ‘Buy now pay later’ (BNPL) company Zilch today announced it has cut a deal to raise $110m (£80m) in debt and equity from Goldman Sachs and the investment arm of the Daily Mail group. The deal with Goldman Sach’s asset management and private credit division and DMG Ventures, part of the Daily Mail & General [...]
Nasdaq set to spin out market for pre-IPO shares in deal with banks July 20, 2021 The exchange operator announced a new joint venture with SVB Financial Group (SVB), Citi, Goldman Sachs, and Morgan Stanley that will allow investors to trade in stocks of private businesses. As part of the spin out of its exchange for private businesses, Nasdaq Private market will become a standalone, independent company and receive investments from [...]
Goldman Sachs boss champions post-Brexit London and expects 70 per cent of staff back in office July 16, 2021 Goldman Sachs boss Richard Gnodde said the company was as committed to its London head office as ever, buoyed by his belief that the UK capital will remain dominant as a world-leading financial centre post-Brexit. “For us we’ve been very clear, the centre of gravity for our workforce is our buildings, and in London it [...]
Charles tours Goldman Sachs office to acknowledge post-Brexit commitment to London July 15, 2021 The Prince of Wales has visited the London offices of Goldman Sachs to acknowledge the US investment bank’s commitment to keeping its European headquarters in the capital after Brexit. The heir to the throne toured the firm’s Plumtree Court offices near Fleet Street in central London on what aides said was a visit designed to [...]
Rampant dealmaking pushes Goldman Sachs’ earnings ahead of estimates July 13, 2021 US investment banking giant Goldman Sachs posted a strong set of results on Tuesday which surged ahead of analysts’ forecasts for second-quarter earnings. The rise in profits at the Wall Street giant was driven by the firm capitalising on a record-breaking dealmaking period as companies took on cheap debt and deployed dry powder to snap [...]
England will beat Germany 2-1 tonight and make it to Euro 2020 final, analysts predict June 29, 2021 England will take down Germany in tonight’s match, and even make it to the Euro 2020 final, according to analysts at Goldman Sachs. The Germans will be hoping for a repeat of their famous victory over England in the semi-final of Euro 1996, but Goldman Sachs’ analysts do not see it happening. After sneaking into [...]