Hints and tips:
...And shareholders won’t be too fussed, either. Goldman Sachs stock has outperformed its peers under David Solomon’s reign....
...Ethan WuThe Katie Martin Long/Short Hedge Fund would have an incredible track record. I think it would be some of the greatest returns volatility of all time....
...Morgan Stanley maintains that it didn’t know who was behind the trades when it made the margin call. Ashley alleges the bank’s motivation for the move was simple: it doesn’t like him....
...The photographer Martin Parr described, in alarmingly cavalier phrasing, the people he photographed as the “objects I am using”....
...The country won’t add nearly enough wind and solar capacity to meet this goal.”...
...“London wasn’t able to provide that for me any more.” Data visualisation by Chris Campbell and Martin Stabe...
...Don’t miss the first issue of our new Central Banks newsletter today....
...Articles like this don’t help their cause....
...David Solomon faced shareholders and admitted that his bold bet on consumer banking hasn’t paid off....
...“The buyside isn’t there to hire these people this time. They just don’t have the capacity.” This story has been amended to give the correct timeframe for the job cuts at Credit Suisse...
...Jobs: Forcing the unemployed into low-paid work isn’t a good solution to today’s labour market problems, writes Sarah O’Connor....
...And as DD outlined last month, Solomon is already in hot water after his initial strategy to diversify the bank didn’t pan out as he’d hoped....
...Most people simply don’t have time to indulge in the moral grandstanding that so often dominates social media....
...“The issue is that we don’t know exactly where it is. When you can’t measure something it’s difficult to act upon it.”...
...A video of the 1963 March on Washington plays on a large screen — not just Martin Luther King Jr’s memorable speech, but close-ups of protesters singing, shouting and chanting....
...And don’t forget the FT’s news briefing podcast for a rundown of the most important global business stories every day with presenter Marc Filippino....
...“We don’t have a good energy mix,” said Roberto Cingolani, minister for ecological transition. “The mistakes the country made for decades cannot be fixed in one year.”...
...The Wall Street lender is also preparing to lay off as many as 3,900 employees starting in January as CEO David Solomon seeks to boost the bank’s profitability....
...“We haven’t seen the full impact yet. We don’t know the full detail,” he says. “But we do know the direction and it’s negative.”...
...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...
...As he prepares for DJ season in the Hamptons, Solomon doesn’t have to worry about another leaked PowerPoint presentation from employees complaining about burnout....
...One thing to start: Don’t miss the latest MoneyWeek podcast in which the FT’s Robin Wigglesworth talks to Merryn Somerset Webb about how passive investing can’t be blamed for inflated stock market valuations...
...Suffice to say FTX won’t be your typical restructuring....
...Out of tune Goldman Sachs boss David Solomon’s bet on retail banking has failed to pay off....
...My feeling is we haven’t looked at [the ex-girlfriend] in a while,” Döpfner told senior employees in one conversation....
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