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The Latest Breaking News from David Solomon

Goldman profits tumble and CEO steps back from the dancefloor

No more DJ D-Sol for David Solomon

Evening Standard

Goldman Sachs CEO David Solomon ends DJ gigs due to media ‘distraction’

Bank’s board reportedly concerned at attention received by chief executive, who moonlights as DJ D-Sol

The Guardian - UK

Lessons from Uber on addressing the Israel-Hamas war with employees

The Israel-Hamas war has become a talking point among business leaders.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

New Mexico’s Experiment With Recapturing Natural Gas Raises Questions

Meanwhile, banks help fossil fuel giants raise more than $1 trillion via “hidden” financial support.

Capital & Main

Back to banking basics at Goldman Sachs

City Comment: Let Goldman go back to being Goldman

Evening Standard

Goldman Sachs CEO’s Unyielding Approach: A Recipe For Success Or A Path To Dissent?

Goldman Sachs Group Inc (NYSE: GS) Chief Executive Officer David Solomon has navigated a path filled with both triumphs and tribulations

Zenger

Goldman Sach's last CEO called David Solomon to complain about performance after he lost $50 million on its slumping stock

The billionaire Lloyd Blankfein even reportedly offered to come back to the company.

Fortune

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Wall Street keeps pushing to end WFH, but their own senior staff would rather quit than comply

Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.

Fortune

Commercial real estate troubles are so pronounced that Goldman Sachs’ CEO says even a soft landing won’t prevent pain

"Commercial real estate has come under pressure" says Goldman Sachs CEO David Solomon.

Fortune

Apple’s new Goldman Sachs savings accounts excited savers with high interest rates

Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.

Fortune

A group of over 140 CEOs and Wall Street titans including David Solomon just signed an open letter warning stocks will crash if politicians can’t raise the debt ceiling

"We write to emphasize the potentially disastrous consequences of a failure by the federal government to meet its obligations,” the group wrote Tuesday.

Fortune

JPMorgan CEO Jamie Dimon says insistent remote workers can go ‘elsewhere’

The bank’s pro-office memo was instantly ripped apart by workers calling it “tone deaf” and “divisive.”

Fortune

All signs are pointing to a credit crunch, says a top Wall Street strategist

For finance executives, the threat to credit availability now adds to the challenges posed by inflation and geopolitical concerns.

Fortune

JPMorgan warns that bankers who fail to come into the office could face ‘corrective action’—and orders leaders to be in 5 days a week

The bank said in a memo to staff that all employees must meet their “in-office attendance expectations.”

Fortune

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Fortune

Twitter employees woke up to a 2:30 a.m. email from Elon Musk. 'The office is not optional'

The billionaire is upset that Twitter's San Francisco offices were a ghost town on Wednesday, despite rolling out a return-to-office mandate last November.

Fortune

After David Solomon’s series of Goldman Sachs mishaps, he’s targeting a new golden goose: Asset management

Goldman’s CEO went above and beyond to reassure investors that the firm is on track Tuesday after a consumer-banking misfire and profit slump.

Daily Mirror

Stacey Solomon admits she hasn't washed her hair in the two weeks since giving birth

Stacey Solomon has been sharing updates with fans since welcoming her daughter Belle earlier this month, including explaining why she hasn't yet washed her own hair since the birth

StockNews.com

3 Must-Buy Nasdaq Stocks for 2023

Consumers showing resiliency in the face of rising inflation have helped the U.S. GDP to come in better than expected in the last quarter. Moreover, hopes of the economy avoiding a deep recession this year are rising. The Nasdaq Composite began this year on a positive note. Hence, fundamentally strong…

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Fortune

Goldman Sachs CEO David Solomon tells partners he regrets not firing employees sooner after laying off 3,200 last month: FT

Solomon told partners layoffs and cost-cutting would've been less severe had he acted much sooner than “David’s Demolition Day."

The Guardian - UK

Goldman Sachs boss takes 30% pay cut to $25m amid turbulent year

David Solomon’s pay was $25m for 2022, down from $35m in 2021, as investment bank’s profits fall 50% and 3,200 staff laid off

The Independent UK

Goldman Sachs signals partial retreat from consumer banking

Goldman Sach spent eight years attempting to expand its business beyond corporations and the wealthy

Fortune

Goldman Sachs employees are back in the office—but not like they used to be

In-person work at Goldman Sachs still hasn’t bounced all the way back, and CEO David Solomon worries that the top investment bank could lose its culture—and its edge.

WEKU

Goldman Sachs is laying off as many as 3,200 employees this week

The prestigious investment bank is undertaking one of its biggest rounds of layoffs since the Global Financial Crisis.

The Guardian - UK

Goldman Sachs to start cutting up to 3,200 jobs this week

Redundancies expected to be concentrated in investment banking division and consumer arm

Fortune

Goldman Sachs to begin layoffs this week

The layoffs come on the heels of a major reorganization unveiled earlier this fall.

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