Tag: Sachs

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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European banks driven to unexpected hiring frenzy. When you must choose between Goldman Sachs or Morgan Stanley

Given the state of investment bank revenues, it's not surprising that 2023 is a nadir for banking jobs and that roles are being eliminated rather than added. And yet, hiring is still happening in even the most enfeebled sectors and there is good reason for this: Fear of Missing Out (FOMO). As banks like Goldman Sachs and Morgan Stanley cut thousands of staff, and as Credit Suisse's ...

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Goldman Sachs & Morgan Stanley reached the same conclusion about hiring. Why banker layoffs are about more than cost-cutting

Goldman Sachs and Morgan Stanley are following a similar trajectory. Both have cut or are cutting around 6% of their workforces. Both want to focus more on wealth and asset management (although Morgan Stanley is further down this road). And both are growing in Paris.  Morgan Stanley in particular is redoubling its efforts in the French capital. Reuters reports that as Morgan Stanley increases headcount ...

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‘Weird vibes’ at Goldman Sachs as Blackrock turns to cuts too. JP Morgan associate’s archetypal dating email

It's the morning after the day before at Goldman Sachs, and the finance gossip sites have been buzzing with stories of bad news and hard feelings. There was a 'weird vibe' at Goldman yesterday according to a post on Instagram site Litquidity: almost every team was affected and everyone was on edge. Business Insider spoke to people with war stories from the consumer banking team: "Every ...

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