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Plus, why Goldman Sachs is downsizing one of its most profitable businesses, and Credit Suisse’s past comes back to haunt it
Forests in the US that generate the carbon offsets bought by companies including BP and Microsoft are on fire; Goldman Sachs looks to scale back its asset management business
Bank aims to cut size of equity investments by a fifth even after record $3.7bn in revenue
First-year analysts to start on $110,000 a year amid pandemic-driven M&A boom
David Wildermuth joins Swiss bank as it wrestles with poor response to twin crises
Asset managers get ready to move in as deadline looms for final offers on Dutch insurer’s €300bn division
Partnerships and acquisitions are needed to keep up with technological innovation, says Sheila Patel
Wall Street bank will invest its own capital in climate-friendly exchange traded fund
Plus, a survival-of-the-fittest battle for European asset management and an activist-versus-activist boardroom scuffle
Banks benefit from surge in fees from advising on deals and initial public offerings
Investment banking fees jump and asset management unit beats forecasts
Reluctance to raise salaries sends the message that the franchise matters more than individuals
Some executives argue bank must reward performance while others fear losing staff to rivals
UK fintech is first overseas purchase by US mortgage lender whose investors include SoftBank
Morgan Stanley, Goldman Sachs, JPMorgan and BofA increase payouts after Fed loosens restrictions
Federal Reserve releases analysis showing lenders can withstand almost $500bn of losses
US investment banking giant diversifies in search of stable and predictable revenues
Good arguments, rather than coercion, are the best way to wean workers off working from home
Goldman Sachs was first to recall employees but rival bankers will be based at home for months
Battery metal in hot demand because of electric vehicle boom but hedging options are scant
Wall Street firm steps up plan for return to office next week
Oil prices maintain their gains following Opec+ meeting
Beijing backs venture with ICBC as foreign asset managers rush to capitalise on China’s vast pool of savings
Where there’s a prime brokerage opportunity, there’s a way. And if there’s a whale, there’s a will.
Faryar Shirzad was with the investment bank for 15 years
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