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Goldman Sachs Cutting About 125 MDs; JPMorgan Cuts 40 Dealmakers

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Wall Street firms are slashing more jobs. Goldman Sachs Group Inc. has started cutting managing directors across the globe, according to people familiar with the matter. And JPMorgan Chase & Co. is cutting about 40 investment bankers in North America. Vonnie Quinn reports on Bloomberg Television.
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11 Comments

11 Comments

  1. @williamwallace6508

    January 8, 2024 at 6:56 pm

    "MDs" what a joke.

  2. @stephanienguyen6992

    January 8, 2024 at 6:56 pm

    Employees are doing more work on the daily tasks. We don't need high level of MD, SVP, VP, Directors, Senior Managers, Managers. Big Banks and Private Banks – can SAVE Billions / Millions Dollars, do basic math, charts, schedules. These peoples are going for lunch 3 to 5 hours = Check the Downtown Bars, Restaurants, etc… ????

  3. @suleimanpeshawari1032

    January 8, 2024 at 6:56 pm

    That’s 525m – 750n of savings

  4. @t23001

    January 8, 2024 at 6:56 pm

    Current problems impacting deal flow: Runaway U.S. government spending causing higher interest rates, the FTC’s crusade against mergers, new SEC regulations on SPACs (much needed), and flight to quality in the venture capital market.

  5. @YAHVISIONRowles

    January 8, 2024 at 6:56 pm

    Wow, this does not look good for the economy🤓😎

  6. @praveenspike

    January 8, 2024 at 6:56 pm

    Its a depression, compare the original data of the 30's.

  7. @erikperik1000

    January 8, 2024 at 6:56 pm

    chatGPT gets a lot of work done

  8. @waynehornberger9825

    January 8, 2024 at 6:56 pm

    Wealth of the wicked is layed up for me they shall gather it up but I shall put it on he that by usery and Unjust gain increaset his substance he shall gather it up for me because I pity the poor they work for me

  9. @juniorjr5328

    January 8, 2024 at 6:56 pm

    125 MDs… wow

  10. @dangood2287

    January 8, 2024 at 6:56 pm

    News released over weekend. Smart

  11. @manonamission2000

    January 8, 2024 at 6:56 pm

    average salary of an MD may explain it

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Delta Will Do Just Fine With High Fuel Prices, CEO Says

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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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Why some investors are wary of SpaceX stock #shorts #spacex #elonmusk #investing

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After SpaceX’s record-setting IPO, some investors like Danish pension fund AkademikerPension have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give founders https://bloom.bg/3EMZYZX

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Hungary Approves Legislation to Remove President, Orban Allies

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Hungary’s parliamentary vote to amend the constitution crowns a frenetic period of legislative activity since Prime Minister Peter Magyar pledged to reincarnate democracy in the country. The result removed the president, set a limit of three parliamentary terms for legislators and sent allies of former PM Viktor Orban in top courts into retirement. Bloomberg’s Zoltan Simon reports.
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Nasdaq President Sees SK Hynix Listing Growing Foreign IPO Pipeline

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Nasdaq President Nelson Griggs says the record-breaking SK Hynix ADR listing is already attracting looks from more foreign companies that may consider US listings. He says JPMorgan Chase struck the right balance on the SK Hynix pricing. Griggs speaks to Bloomberg’s Ed Ludlow in New York at the Nasdaq.
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Trump making “major mistake” with Nvidia chips to China, says Burns #shorts #china #nvidia #ai

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Former US Ambassador to China Nicholas Burns tells David Gura President Trump is “making a major mistake” by allowing Nvidia to sell its products to one of the US’s biggest rivals, China https://bloom.bg/3SQPXSd

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