Goldman Sachs considers sending more 100 traders, salespeople to West Palm Beach

Advertisement
Goldman Sachs considers sending more 100 traders, salespeople to West Palm Beach
West Palm Beach is attractive for both workers and their families.Flavio Vallenari/Getty Images

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

Advertisement

Join Insider on June 24 at 1 p.m. ET for a live, exclusive webinar event in which three top financial services executives from Deutsche Bank, AllianceBernstein, and Accenture will break down how the future of work will look like as Wall Street gets back to the office. Sign up here to attend.

If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.


Goldman Sachs is in talks to move more than 100 salespeople and traders to West Palm Beach, as the move from Wall Street to Florida accelerates

Advertisement

Leaders of Goldman's sales-and-trading operation have asked desk heads to poll workers on if they want to relocate to West Palm Beach, according to a source. Read more on the once-unthinkable move.


Morgan Stanley CEO James Gorman wants US employees back in the office by Labor Day: 'If you can go into a restaurant in New York City, you can come into the office'

Morgan Stanley CEO James Gorman took a strong stance on the importance of employees getting back into the office. Here's what he said.


JPMorgan CEO Jamie Dimon says he intends to stay in his role for a 'significant amount of time' despite a recent leadership shake up hinting at his succession plan

JPMorgan's Jamie Dimon said he wouldn't retire within the next three years while speaking at a conference Monday. The statement comes despite recent talks of his successor.

Advertisement

Goldman Sachs just tapped Stephen Scherr's chief of staff to serve as CFO of its consumer business. Read the full memo announcing the promotion.

Goldman Sachs promoted Liz Ewing, a nine-year veteran of the bank, to be CFO of the consumer division. Here's what we know.


Plaid quietly acquired a startup founded by 2 Robinhood alums in March, hinting at plans to push further into payments

Goldman Sachs considers sending more 100 traders, salespeople to West Palm Beach
Zach Perret, co-founder and CEO of PlaidPlaid

Plaid's March acquisition of Flannel, a fintech building payment APIs, is a signal of bigger plans at the $13.4 billion startup. Here's what we know about the deal.


Morgan Stanley is doubling down on its wealth business, and its co-president says client assets could swell by more than 50%, topping $7 trillion

Morgan Stanley's sprawling wealth management unit could add some $3 trillion in five years. Here's what Andy Saperstein, Morgan Stanley's co-president, said about the future of the unit.

Advertisement

Crispin Odey believes inflation will bring a 'golden period' for M&A. He highlights why his bet on Distell could be a big winner.

In a letter to investors, Crispin Odey said inflation will provide his fund with big opportunities - specifically, he said, merger arbitrage is an attractive strategy during periods of inflation. Get the full rundown here.


Odd lots:

Investors Clamor for a Bigger Piece of Payments Company Stripe (WSJ)

Wall Street's Return-to-Office Gulf Exposed by Goldman, Citi (Bloomberg)

Barely Hired at Morgan Stanley, Trading Savior Nears CEO's Perch (Bloomberg)

Advertisement
{{}}