Tag: Morning

Morning Coffee – Who got paid what, exactly, at UBS? Goldman Sachs bankers lose on the bonus but gain on the shares

Whatever else happens in his career, Ralph Hamers will be able to take pride in the fact that he was partly responsible for the biggest quarterly profit ever reported in the history of banking.  He was only CEO of UBS for five days of that quarter, admittedly, but he was in the top job when the acquisition of Credit Suisse was agreed, so in his ...

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Morning Coffee – Goldman cuts could hit anywhere. The “good guys” of banking might be in legal trouble

Over the weekend, rumours about the forthcoming redundancies at Goldman Sachs have been getting more and more detailed and specific.  The precise number hasn’t been locked down, but four thousand is certainly within the bounds of possibility and some “people familiar with the matter” are only prepared to say that the headcount will remain higher than its pre-pandemic level.  It seems that David Solomon is ...

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