A former employee of investment bank Goldman Sachs has filed a $1.1 million lawsuit in London, accusing the company of promoting a “culture of bullying.” Ian Dodd, who worked as the bank’s global head of recruiting from 2018 to 2021, claims that the “dysfunctional” workplace at Goldman Sachs led to his mental breakdown. Court documents …
Goldman Sachs has revised its predictions, reducing the chances of a recession in the US from 20% to 15%. Analysts at the investment bank attribute this to lower inflation rates and a strong job market, suggesting that the Federal Reserve is unlikely to raise interest rates further. Despite the cooling inflation, American families are still …
Carolyn Vigil, a veteran of the Big Tech industry, has faced the challenge of balancing her career with the responsibility of caring for her 23-year-old autistic son, Jax. While this delicate juggling act has never been easy, Vigil managed to navigate it with grace, even assuming the role of teacher when the pandemic forced schools …
David Solomon is not the only assertive leader at Goldman Sachs. According to sources, the firm’s asset management division has been reducing its workforce as a result. Marc Nachmann, the CEO of the Asset and Wealth Management division, has seen several top executives leave during his tenure and may soon witness yet another departure. Nachmann …
Grocery delivery company Instacart has filed paperwork with the Securities and Exchange Commission to initiate an Initial Public Offering. The company will be listed under the symbol ‘CART’ on the Nasdaq. Aug. 25 (UPI) — Instacart announced Friday that it has initiated the process of making an initial public offering for its common stock. The …
In a move that has drawn criticism from employees, Goldman Sachs CEO David Solomon has decided to eliminate Summer Fridays, cracking down on those who choose not to be in the office five days a week. The decision comes as Goldman’s Wall Street headquarters has become somewhat lifeless on Fridays, with interns leaving and many …
Mr Anwar acknowledges that pursuing a lawsuit in the United States would come at a high cost for the Malaysian government. However, he emphasizes the importance of recovering stolen funds and holding those responsible accountable. In 2009, then-prime minister Najib Razak launched 1Malaysia Development Berhad (1MDB), a state investment fund aimed at boosting Malaysia’s economy …
The Swiss bank UBS Global has agreed to settle claims it helped fuel the 2008 financial crisis by paying more than $1.4 billion to U.S. authorities. Photo by Hugo Philpott/UPI | License Photo Aug. 14 (UPI) — Swiss bank UBS Global has announced its agreement to pay a fine of over $1.4 billion to U.S. …
Embattled CEO David Solomon of Goldman Sachs found himself in a tense situation when Lloyd Blankfein, his predecessor, expressed his dissatisfaction with the bank’s disappointing performance this year. According to reports, Blankfein reached out to Solomon over the summer to complain about the declining stock price. In their conversation, Blankfein even offered to return to …
Another high-level executive is departing from Goldman Sachs, adding to the growing list of senior management exits from the investment giant. Jeff Currie, the global head of commodities research, is leaving after a lengthy 27-year tenure with the company. This departure comes as a blow to Goldman CEO David Solomon, who has yet to announce …