Goldman Sachs

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Goldman Sachs Institutes a Big Pay Increase

Entry-level bankers are getting a raise of almost 30%

(Newser) - JPMorgan Chase & Co., Citigroup Inc., Morgan Stanley, UBS Group AG, and Deutsche Bank AG were the first to raise salaries for junior bankers—but now that Goldman Sachs has caught up and made the same move, its starting salaries are the highest of the group, the Wall Street Journal...

Morgan Stanley to Bar the Unvaccinated

Only fully vaccinated people will be allowed inside New York offices starting July 12

(Newser) - Investment bank Morgan Stanley plans to lift mask and physical distancing requirements in its offices next month, but only after banning unvaccinated workers, clients, and visitors. The company told its workforce on Tuesday that employees and clients who are not fully vaccinated against COVID-19 will be unable to return to...

Buyer of Epstein's $51M NYC Mansion Revealed

Retired Goldman Sachs exec Michael Daffey will move in

(Newser) - A veteran Goldman Sachs trader gave himself quite the retirement present, partly courtesy of an early investment in Bitcoin. Michael Daffey, who worked at the firm for 28 years before retiring this month as chairman of the global markets division, has been revealed as the mystery buyer who paid $51...

Goldman Sachs Has New Font, With a Weird Catch

License says you can't criticize company using the new Goldman Sans typeface

(Newser) - Much as the first rule of Fight Club is not to talk about Fight Club, the first rule of using the new Goldman Sachs font is ... not to talk about Goldman Sachs disparagingly using the Goldman Sachs font. Per the Verge , the new "Goldman Sans" typeface can be used...

His Profane Tweets About the Apple Card Went Viral
His Profane Tweets About
the Apple Card Went Viral
the rundown

His Profane Tweets About the Apple Card Went Viral

And are leading to a probe of Goldman Sachs' credit card practices

(Newser) - David Heinemeier Hansson says his wife has the superior credit score. They file their taxes jointly. And while the tech entrepreneur didn't provide any other personal financial information, he did disclose an alleged financial injustice on Thursday. In a series of tweets that have continued through Monday, the Ruby...

The Apple Card Is Here
The Apple Card Is Here

The Apple Card Is Here

Apple's credit card debuts

(Newser) - Hundreds of thousands of people signed up to be the first to hear when Apple would release its first credit card. Five months later that card is out, but it's not yet available to all. A limited number of those people were randomly selected by the company to get...

Tragic End for Man Accused of Stealing Goldman Sachs Exec's Wine

Former personal assistant to David Solomon jumped to his death same day he was due in court

(Newser) - The former Goldman Sachs personal assistant accused of stealing $1.2 million worth of wine from his boss leaped to his death from a Manhattan hotel Tuesday, the New York Times reports. Nicolas De-Meyer had been scheduled to appear in federal court at 2:30pm that day on a criminal...

Goldman Sachs' Next CEO Has a Surprising Hobby

Co-president David Solomon likes to spin sick beats

(Newser) - One of Goldman Sachs' co-presidents, a part-time DJ, is set for promotion, while the other, a karate black belt, is packing his bags. Harvey Schwartz, appointed co-president when Gary Cohn left for the White House in December 2016, will leave the firm after its board of directors chose fellow co-president...

$1.2M in Wine Allegedly Stolen by Someone Exec Trusted

Indictment alleges personal assistant swiped wine from Goldman Sachs' co-president

(Newser) - It sounds like a good gig: working as the personal assistant for—and managing the stunning wine collection of—the No. 2 man at Goldman Sachs. But as the New York Times reports, Nicolas De-Meyer allegedly turned a good thing bad. Per an indictment unsealed Wednesday in Manhattan federal court,...

Rubio on Tax Bill: We 'Probably Went Too Far' in Helping Firms

Though he says he thinks Americans will still be all for the bill once they see their paychecks boosted

(Newser) - One of the facets of the GOP tax bill now signed into law is the tax break given to corporations, with the rate lowered from 35% to 21% . But Goldman Sachs says it won't capitalize as much as everyone thinks from the new bill, noting it will take a...

After Uproar, House Will 'Modernize' Dress Code

Critics say it's only selectively enforced

(Newser) - After some uproar about how the House of Representatives enforces its dress code, Speaker Paul Ryan said Thursday he and the House sergeant-at-arms will work to update it. The dress code calls for professional attire in the House chamber and the Speaker's lobby, and some female journalists have recently...

Bank CEOs Fooled by Notorious Email Prankster

No sensitive information was shared

(Newser) - Falling for a phishing scam is bad. Falling for a phishing scam when you're the CEO of a major bank, well, that's worse—and the unfortunate reality for Goldman Sachs' Lloyd Blankfein and Citigroup's Michael Corbat. The unsuspecting chief executives, along with Citigroup consumer-banking chief Stephen Bird,...

5 Best, 5 Worst Company Reputations

Congrats, Amazon

(Newser) - Congrats, Amazon. The company has the best reputation among American consumers, according to 24/7 Wall St. , which lists the companies with the best and worst reputations based on the 2017 Harris Poll and American Customer Satisfaction Index. The top five in each category, with a reputation score out of 100:...

Goldman Sachs Will Pay $5B Over Sketchy Mortgages

Time to pay the piper for the crash

(Newser) - The Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis, reports the AP . The deal announced Monday resolves state and federal probes into the sale of shoddy mortgages before the housing bubble and economic meltdown; Reuters...

Group Wants Inquiry Into Clinton Son-in-Law's Email

Hillary passed on email sent to Marc Mezvinsky from investor friend

(Newser) - Hillary Clinton's newest email headache involves her son-in-law. A watchdog group backed by conservative donors is calling for an investigation into whether Clinton gave preferential treatment as secretary of state to a well-connected mining investor, reports Time . The investor had reached out to Marc Mezvinsky, Chelsea Clinton’s husband,...

Goldman Sachs to Interns: Take It Easy, Go Home at 12am

And don't come back before 7am, Goldman Sachs says in new work-hours policy

(Newser) - When Moritz Erhardt, a 21-year-old Bank of America intern in London, died two years ago after reportedly putting in 72 hours straight at work, the banking industry turned the spotlight on its notoriously rough hours. Bank of America, for instance, suggested its junior workers take at least four weekend days...

Financial World's 'Ray Rice Video' Has Arrived

Regulators seem cowed by banks in recordings obtained by ProPublica

(Newser) - Those interested in why federal regulators seem unable to rein in big banks might want to check out a new ProPublica report and a companion piece airing on public radio's This American Life this weekend. The reports center on secret recordings made by Carmen Segarra, a Federal Reserve specialist...

$8.25M Bonus Was Too Small: Ex-Goldman Trader

Deeb Salem told his mom to expect $13M

(Newser) - That sound you hear is the world's tiniest adding machine crunching out a sad song for Deeb Salem. The former Goldman Sachs trader is taking the firm to court, arguing that it didn't give him a big enough bonus in 2010, when it awarded him a mere $8....

JPMorgan Is Being Punished for Not Being Evil Enough

Probe into firm's China hires is ironic, Matt Levine argues

(Newser) - A trove of emails have emerged in JPMorgan Chase's China corruption scandal , and they reveal a deep irony about the case: Essentially, "JPMorgan's mistake was not hiring Chinese princelings fast enough," argues Matt Levine at Bloomberg . The emails reveal that JPMorgan initially had a program preventing...

Dow Dumps Bank of America, HP, Alcoa

Nike, Visa, and Goldman Sachs to replace them

(Newser) - The Dow Jones Industrial Average is ditching Hewlett-Packard, Bank of America, and Alcoa, it announced today, in what the Wall Street Journal is calling "the biggest shake-up of the 30-stock index in almost a decade." The Dow will add Nike, Visa, and Goldman Sachs to replace the three...

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