Goldman Sachs wants to hold onto its richest clients’ kids. The bank’s private wealth heads explain how its Marcus unit is helping them do that.
Goldman Sachs
With the world’s largest-ever transfer of wealth between generations underway, Goldman is expanding its offerings and focusing on holding onto the next generation of its clients. We spoke with Meena Flynn and John Mallory, the bank’s private wealth co-heads, who detailed their strategy for us. Here’s what they said.
Inside the secretive world of Wall Street quant recruiting
The trading firms that employ quant and data-science specialists are highly secretive, as are the recruiters they work with. So we spoke with more than two dozen recruiters about their competitive, stealthy field. Take a look inside the world of Wall Street quant recruiting.
Barclays U-turn on an $850 million prison financing is a big victory for activist investors — here’s why it keeps banks in check over controversial deals
Barclays dropped plans to raise $850 million for private-prison manager CoreCivic through Alabama after activists cited the bank’s previous promise to not fund private prisons. Find out more here.
Wells Fargo is paying its corporate and investment-banking analysts and associates special bonuses up to $20,000 spread across 6 months
Wells Fargo Securities is the latest financial firm to give its young talent gifts after a grueling year handling significant deal volume while isolated at home. Read more here.
A new hedge fund, David Tepper-backed CastleKnight Management, has crushed its first 6 months of trading
CastleKnight Management, founded by Appaloosa partner Aaron Weitman and backed by billionaire David Tepper, has had a fantastic first six months. Get a rundown on its early returns.
HSBC scraps individual offices for execs and tells them to ‘hot desk’ instead as part of its post-pandemic work plan
Hou Yu/China News Service/VCG via Getty Images
HSBC executives no longer have their own offices. Instead, they’re being asked to use “hot desks,” or rotating workstations. More on that here.
We got a peek at JPMorgan’s latest plans for its new NYC headquarters, which show clues about how the bank views the future of office work
A document shared with Insider gives a glimpse into how the bank plans to forge ahead with its new NYC headquarters. See more here.