Goldman Sachs plans to scrap virtual internships in drive to end remote working March 10, 2021 Goldman Sachs told incoming summer analysts this year’s internship will be in-person, breaking with the majority of its investment bank rivals that plan to keep their internships virtually. The move, first reported by Financial News, will apply to internships globally. David Solomon, the chief executive of Goldman Sachs, recently called working from home an “aberration”. [...]
JP Morgan boss Jamie Dimon says bank will not force staff to get Covid-19 vaccine March 3, 2021 JP Morgan boss Jamie Dimon says bank will not make Covid-19 vaccinations mandatory
JP Morgan makes Linklaters partner its co-head of UK investment banking February 17, 2021 Charlie Jacobs, senior partner at magic circle law firm Linklaters, will join JP Morgan as co-head of UK investment banking. Jacobs, who is one of the city’s major players in the M&A space, will replace Ed Byers who has been promoted to Vice Chair of UK Investment Banking. Jacobs will co-lead the investment banking operations [...]
JPMorgan chief says “we will have to be involved” with Bitcoin February 15, 2021 Daniel Pinto – co-president of JPMorgan Chase & Co says he can’t yet see client demand for cryptocurrency, but adds “we will have to be involved” at some point.
City Moves for 9 February: Who is switching jobs in the Square Mile this week? February 10, 2021 City Moves provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week hosts movements over at Big Four auditor Deloitte, JP Morgan, HMRC and PE firm Dean Street. Meanwhile, green London housing looks to be a focus for 2021 with Public Sector Plc’s new [...]
JP Morgan to launch UK digital bank within months January 27, 2021 JP Morgan will launch a digital consumer bank in the UK within months, the Wall Street giant confirmed today. The new challenger bank will operate under the Chase brand and offer a range of products, including current accounts. JP Morgan said its new business, which is based in Canary Wharf, had already hired 400 people [...]
Barclays boss Jes Staley: working from home ‘not sustainable’ as collaboration and culture take a hit January 26, 2021 Barclays boss Jes Staley says working from home 'not sustainable' as collaboration and culture take a hit
Morgan Stanley boss James Gorman pockets $33m pay packet January 23, 2021 Morgan Stanley will pay chief executive James Gorman $33m (£24m) as the US investment bank hailed a “record year” in 2020. The bumper pay packet is a 22 per cent increase on Gorman’s $27m remuneration in 2019, according to a regulatory filing published yesterday. Morgan Stanley directors said the decision was based on the firm’s [...]
Paris experiences modest Brexit influx as thousands of professionals relocate December 10, 2020 Since 2016, around 5,000 employees have relocated from London to Paris as a direct result of Brexit, a report finds.
JP Morgan pushes ahead with UK digital bank plans November 22, 2020 US investment bank JP Morgan has reportedly promoted one of its top London employees to spearhead the launch of its digital consumer platform in the UK. It has appointed Sanoke Viswavathan, previously chief administrative officer of technology and operations in its corporate and investment division, as the chief executive of its challenger bank. The company [...]