Hints and tips:
...Mark Sorrell, the London-based co-head of mergers and acquisitions, and Gonzalo Garcia, co-head of European investment banking, would be the latest high profile departures under Solomon....
...What started as a colourful side hustle that softened Solomon’s public image became a lightning rod for criticism of him inside Goldman from bankers disgruntled over strategic mis-steps and lower pay. 3...
...Goldman Sachs: Will chief David Solomon’s big bet on the bank’s newly merged asset and wealth management unit help him close its valuation gap — and keep his job?...
...Soraya Roberts examines why the movies never got over Gordon Gekko. Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...The departures are the latest in a clutch of senior partners who have left the Wall Street bank this year, heaping the pressure on chief executive David Solomon as he struggles to overcome an expensive foray...
...While it is not uncommon for analysts to disagree, the debate over what Goldman, led by chief executive David Solomon, will report is more divided than usual....
...Goldman Sachs chief executive David Solomon told CNBC he was also seeing “green shoots” and that he would expect to see activity in the capital markets pick up at the turn of the year....
...In fact, the deal that set tongues wagging in the Square Mile this week was the combination of mid-cap brokers Panmure Gordon and Liberum (Lex gave its take on the defensive deal here)....
...Read the full story on the “strategic alternatives” Solomon is now exploring. 4. The Supreme Court’s conservative judges cast doubt on Joe Biden’s $400bn student loan relief programme....
...The writer Andrew Solomon once described depression as a disease of privacy, adding that “the privacy of a depressed person is not a dignity; it is a prison”. Alcoholism, too, is a disease of privacy....
...Jane Fraser, the chief executive of Citigroup, and her counterpart at Goldman Sachs, David Solomon, are expected to attend the meeting that is being brokered by the Financial Services Forum, an industry...
...Solomon is under pressure to reduce costs after net profit slid 44 per cent in the first nine months of 2022....
...Email me at firstft@ft.com or hit reply on this email — Gordon. Five more stories in the news 1....
...Goldman CEO says he should have cut jobs earlier David Solomon told a private gathering of about 400 Goldman Sachs partners in Miami last week that he had erred by not cutting jobs earlier last year....
...Apologies for the error — Gordon....
...Among the most interesting parts of TPG’s argument was that its own IPO and $2.7bn purchase of private credit investor Angelo Gordon made it uniquely qualified to see through a transition to a new profit...
...Goldman Sachs is considering shrinking the bonus pool for its more than 3,000 investment bankers by at least 40 per cent this year, as chief executive David Solomon tries to control costs with deeper cuts...
...Here’s the rest of the day’s news — Gordon Five more stories in the news 1....
...Goldman paid $12mn to silence misogyny claims A Goldman Sachs partner has accused executives, including chief executive David Solomon, of making misogynistic comments in a complaint that resulted in the...
...Solomon isn’t acting alone, though....
...numbers of female and black partners in the class of 2022 in an effort to boost its diversity and broaden its business beyond its core investment banking and trading divisions under chief executive David Solomon...
...‘Davos in the Desert’ begins Jamie Dimon, Stephen Schwarzman and David Solomon will be among the US bankers and investors flocking to Saudi Arabia to speak at the Future Investment Initiative, better known...
...What else we’re reading The big winner in the latest Goldman Sachs reshuffle Having developed a reputation as one of chief executive David Solomon’s most trusted fixers, Marc Nachmann was rewarded with...
...Now for the rest of the day’s news — Gordon Five more stories in the news 1....
...Now, the rest of the day’s news — Gordon Five more stories in the news 1....
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