Goldman Sachs Group Inc
E. Gerald Corrigan, Who Helped Ease ’87 Stock Crash, Dies at 80
E. Gerald Corrigan, who as the aggressive president of the New York Federal Reserve Bank helped cushion Wall Street’s crash in the late 1980s, died on May 17 in a memory-care center in Dedham, Mass. He was 80. The cause was complications of Alzheimer’s disease, his daughter Elizabeth Corrigan said. As president of the Federal […]
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Wall Street Banks Are Getting Flexible on Working From Home
When Tom Naratil arrived on Wall Street in the 1980s, work-life balance didn’t really exist. For most bankers of his generation, working long hours while missing out on family time wasn’t just necessary to get ahead, it was necessary to not be left behind. But Mr. Naratil, now president of the Swiss bank UBS in […]
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1MDB Trial Set to Begin for Ex-Goldman Banker Roger Ng
The global scandal over the looting of a big Malaysian infrastructure fund nearly a decade ago — a crime that tarnished the reputation of one of Wall Street’s premier banks — is about to play out once again in a federal courthouse in Brooklyn. The criminal money laundering and bribery trial of Roger Ng, a […]
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Wall Street Fights to Keep Talent, but Money Isn’t Always Enough
It didn’t matter that Citigroup paid Amy Wu Stratton $450,000 in 2021 — her most lucrative year ever — to work with some of its biggest private equity clients. It didn’t even matter that she was on track for a promotion that could double her pay. After almost 16 years in banking, she was ready […]
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Offices Close and Holiday Parties Fade as Omicron Brings New Concerns
As employers weigh vaccine guidelines and adjust their office returns, they also face a more immediate challenge: How will they celebrate the holidays as Omicron spreads? After a year of email and Slack correspondence, corporate teams had been eagerly anticipating holiday parties. But as New York City’s new Covid cases rose significantly after party invitations […]
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Wall Street Warms Up, Grudgingly, to Remote Work, Unthinkable Before Covid
In private, many senior bank executives tasked with raising attendance among their direct reports expressed irritation. They said it was unfair for highly paid employees to keep working from home while others — like bank tellers or building workers — dutifully come in every day. Salaries at investment banks in the New York area averaged […]
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