Deutsche Bank compensates Spanish winemaker over forex mis-selling June 28, 2021 Deutsche Bank has dished out over €10m to Europe’s largest wine exporter to settle a dispute over the alleged mis-selling of foreign exchange derivatives, according to reports. As the lender’s internal investigation nears its close, the decision to settle could pile pressure on Goldman Sachs and BNP Paribas, which face similar accusations from Japanese engineering [...]
Goldman Sachs analysts: England will beat Germany in Wembley showdown and progress to final June 25, 2021 Analysts at Goldman Sachs have predicted that England will beat Germany in their crunch Euro 2020 last-16 match at Wembley on Tuesday. After sneaking into the second round following a 2-2 draw against Hungary on Wednesday night, Germany will face England for a place in the quarter-finals. The Germans will be hoping for a repeat [...]
Hong Kong races ahead of London and New York in bid to get bankers back in the office June 21, 2021 Hong Kong races ahead of London and New York in bid to get bankers back in the office
Goldman Sachs bats off competitors with first UK transaction bank June 21, 2021 Goldman Sachs is set to appear in the UK after the Wall Street-based firm said today it has launched its £35bn transaction bank in the country. The global investment bank expanded its transaction bank business after launching in the US last year, while it eyes steadier revenue sources beyond its investment division. Goldman’s shares sank [...]
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 [...]