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The Latest Breaking News from David Solomon

JPMorgan CEO Jamie Dimon says insistent remote workers can go ‘elsewhere’

The bank’s pro-office memo was instantly ripped apart by workers calling it “tone deaf” and “divisive.”

Fortune

All signs are pointing to a credit crunch, says a top Wall Street strategist

For finance executives, the threat to credit availability now adds to the challenges posed by inflation and geopolitical concerns.

Fortune

JPMorgan warns that bankers who fail to come into the office could face ‘corrective action’—and orders leaders to be in 5 days a week

The bank said in a memo to staff that all employees must meet their “in-office attendance expectations.”

Fortune

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Twitter employees woke up to a 2:30 a.m. email from Elon Musk. 'The office is not optional'

The billionaire is upset that Twitter's San Francisco offices were a ghost town on Wednesday, despite rolling out a return-to-office mandate last November.

Fortune

After David Solomon’s series of Goldman Sachs mishaps, he’s targeting a new golden goose: Asset management

Goldman’s CEO went above and beyond to reassure investors that the firm is on track Tuesday after a consumer-banking misfire and profit slump.

Fortune

Stacey Solomon admits she hasn't washed her hair in the two weeks since giving birth

Stacey Solomon has been sharing updates with fans since welcoming her daughter Belle earlier this month, including explaining why she hasn't yet washed her own hair since the birth

Daily Mirror

3 Must-Buy Nasdaq Stocks for 2023

Consumers showing resiliency in the face of rising inflation have helped the U.S. GDP to come in better than expected in the last quarter. Moreover, hopes of the economy avoiding a deep recession this year are rising. The Nasdaq Composite began this year on a positive note. Hence, fundamentally strong…

StockNews.com

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Goldman Sachs CEO David Solomon tells partners he regrets not firing employees sooner after laying off 3,200 last month: FT

Solomon told partners layoffs and cost-cutting would've been less severe had he acted much sooner than “David’s Demolition Day."

Fortune

Goldman Sachs boss takes 30% pay cut to $25m amid turbulent year

David Solomon’s pay was $25m for 2022, down from $35m in 2021, as investment bank’s profits fall 50% and 3,200 staff laid off

The Guardian - UK

Goldman Sachs signals partial retreat from consumer banking

Goldman Sach spent eight years attempting to expand its business beyond corporations and the wealthy

The Independent UK

Goldman Sachs employees are back in the office—but not like they used to be

In-person work at Goldman Sachs still hasn’t bounced all the way back, and CEO David Solomon worries that the top investment bank could lose its culture—and its edge.

Fortune

Goldman Sachs is laying off as many as 3,200 employees this week

The prestigious investment bank is undertaking one of its biggest rounds of layoffs since the Global Financial Crisis.

WEKU

Goldman Sachs to start cutting up to 3,200 jobs this week

Redundancies expected to be concentrated in investment banking division and consumer arm

The Guardian - UK

Goldman Sachs to begin layoffs this week

The layoffs come on the heels of a major reorganization unveiled earlier this fall.

Fortune

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Fortune

No more free coffee and layoff warnings—Goldman Sachs workers experience a rude awakening

Goldman Sachs workers are on edge: David Solomon has warned of potential layoffs and has pulled back free coffee perks.

Fortune

Goldman Sachs economists keep doubling down on their call that we’ll avoid a recession. Their boss disagrees.

What a difference 30% makes. Goldman’s chief economist sees about a one-in-three chance of the economy shrinking, but CEO David Solomon sees it the other way.

Fortune

How top CEOs from Elon Musk to Tim Cook tackled the big return-to-office in 2022

Lizzo concerts and subsidized butlers have been among the perks offered in the push for a return to in-person working this year.

The Times of India

Goldman Sachs may lay off up to 4,000 people

Goldman Sachs Group Inc may eliminate as many as 4,000 jobs, or roughly 8% of the workforce, as chief executive officer David Solomon battles to contain a slump in profit and revenue.

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Fortune

Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

Fortune

Goldman Sachs' seismic shakeup puts power players in key positions

Current and former Goldman insiders told Fortune how the organization chart has changed.

Fortune

Goldman Sachs and the return of ‘Blockchain not Bitcoin’

Goldman Sachs CEO says Wall Street knows best when it comes to blockchain innovations.

Fortune

Goldman Sachs CEO David Solomon is mulling staff cuts and has rolled out a massive reorganization. Here’s who is gaining power—and who is losing it

Goldman is slated to implement its latest reorganization later this month. That means major winners and losers inside the storied Wall Street firm’s ranks.

Fortune

Goldman Sachs CEO says clients are shifting away from supply chain resiliency to keeping headcount down, but 'I'm not hearing panic'

Big banks weigh in on inflation, a pending recession, and consumer spending.

Asharq Al-Awsat

Asian Equities, Oil Prices Dragged by Recession Fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks…

Fortune

Finance employees see the future of work as hybrid, a study finds

A study by Women in Banking and Finance and the London School of Economics focuses on finance professionals in the U.K.

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