Hints and tips:
...Pay at the bank was sharply lower for 2022, and the combination of dismissals and modest bonuses has hit morale....
...While profits at the division have helped Goldman ride out a prolonged slump in dealmaking at its investment banking business, morale at the trading business has suffered in recent months because of disappointment...
...But years of repeated reorganisations and turnover at the top of AWM have taken their toll on investor confidence and internal morale, and earnings and compensation at Goldman overall are down....
...Wall Street bankers are eagerly anticipating that a rebound in dealmaking activity will raise bonuses and morale after more than a year in the doldrums, but fear that a return to the industry’s 2021 peak...
...Solomon is contending with the most challenging period of his nearly five-year tenure as CEO, with the past 12 months punctuated by falling profits, sagging morale and unflattering press coverage — including...
...While HSBC has pledged to invest $3.5bn and hire more than 5,000 wealth advisers in China and across Asia, morale is low in the European arm of the business, according to several staff spoken to by the FT...
...But morale has been hit by lay-offs at the start of the year and disgruntlement among traders over what they were paid for a record performance in 2022....
...Manuel Morales, the Miami police chief, said his force was prepared for anywhere from 5,000 to 50,000 protesters. “Make no mistake about it — we’re taking this event extremely serious....
...They also come at a time of flagging morale at Goldman, after the bank embarked on a major cost-cutting drive including more than 3,000 job cuts in January following what Solomon had described as a “disappointing...
...Managers tasked with giving staff the bad news described the process as “brutal” and morale as “horrendous” as thousands of employees turned up to work unaware of their fates....
...It must show it can grow fees in its newly merged asset and wealth management division quickly enough to balance investment banking and trading, write Brooke Masters and Joshua Franklin in this deep dive...
...Additional reporting by Peter Campbell, Joshua Franklin, Dave Lee, Hannah Murphy and Michael O’Dwyer...
...Managers tasked with letting go of their ranks earlier this year described it as “brutal” and morale as “horrendous”....
...The deal to sell to an arch-rival had a devastating impact on the morale of FTX staff....
...The protracted takeover has left Twitter struggling with staff departures, falling morale and reduced spending by advertisers....
...In addition to a lower valuation, which can be an embarrassing signal to markets and hurt morale internally, down rounds may carry stricter terms such as strengthened liquidation protocols and anti-dilution...
...The bank offered free food to staff at its 200 West Street headquarters in New York and staged afternoon concerts to buoy morale....
...Another progressive candidate, Dianne Morales, a former schools official, wants to take $3bn from the police department and has gone so far as to claim that police were making the city more dangerous....
...Not all big lenders are as keen, as this analysis of banks’ back-to-work plans by the FT’s Joshua Franklin, Owen Walker and Joe Rennison shows....
...But by then Richmond’s murder rate had fallen and the force’s morale had improved....
...(Guardian) Lunch with the FT: Joshua Wong “We used to play laser tag....
...Andre “Dre Don” Redman and Joshua “Sage” Morales never go slack during ensemble passages, such as when the group unfold their arms like enormous majestic birds or sway from side to side with the heel of...
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