Investors press Goldman, again, to disclose more pay-gap data
American Banker » Investment Banking
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2w ago
For the second straight year, Goldman Sachs shareholders have filed a proposal calling for more details on racial and gender pay gaps. The request comes as the investment banking giant faces scrutiny over its lack of high-ranking women leaders ..read more
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M&T Bank creates new chief comms role, Citi cuts investment bank jobs, McKinsey publishes new AI report
American Banker » Investment Banking
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2w ago
M&T Bank creates new chief communications officer role, Citi cuts London investment banking jobs as deal drought persists, new report by McKinsey advises banks to institute artificial intelligence from headquarters rather than by divisions, and more in our weekly news roundup ..read more
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Marsh's Oliver Wyman promotes Rosberg, ZayZoon raises 15 million
American Banker » Investment Banking
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2w ago
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup ..read more
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Wells Fargo's new vice chair Braunstein brings investment banking heft
American Banker » Investment Banking
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1M ago
CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues. The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank ..read more
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BNP clients are piling ESG billions into money market funds
American Banker » Investment Banking
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1M ago
BNP Paribas Asset Management says its ESG clients have been moving into money market funds in reaction to volatility in the market ..read more
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Morgan Stanley suit isn't about money, billionaire Mike Ashley says
American Banker » Investment Banking
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1M ago
Retail tycoon Mike Ashley says his lawsuit against Morgan Stanley is in part because the bank acted out of "snobbery ..read more
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Cross River establishes fintech investment banking unit
American Banker » Investment Banking
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1M ago
The Fort Lee, New Jersey, company has hired a pair of veteran investment bankers to lead an effort serving fintechs' capital market needs. It described the move as "doubling down" on its commitment to the sector ..read more
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Goldman Sachs co-head of banking and markets plans to exit after 29 years
American Banker » Investment Banking
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2M ago
Jim Esposito, one of Goldman Sachs Group's most senior executives, is leaving after almost three decades with the firm ..read more
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AI's potential to simplify investment banking
American Banker » Investment Banking
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2M ago
Generative artificial intelligence could streamline numerous operations across the financial services landscape, from building investor presentations to processing regulatory and legal documents ..read more
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Rebound in dealmaking could boost Goldman Sachs after rocky 2023
American Banker » Investment Banking
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3M ago
The Wall Street giant did a lot of backtracking last year, abandoning its plans to become a bank for everyone. Now it's refocusing on growing its tried-and-true businesses of dealmaking and asset management ..read more
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