Goldman Sachs warns traders of shrinking reward pool as Wall Road hunkers down

Goldman Sachs warns traders of shrinking reward pool as Wall Road hunkers down


Essential Details
  • Goldman Sachs traders and salespeople will have to contend with a bonus pool that’s at the very least 10% scaled-down than past calendar year, despite making much more income this 12 months, according to persons with information of the predicament.
  • Goldman started informing executives in its marketplaces division this week to count on a more compact bonus pool for 2022, according to the folks, who declined to be identified talking about payment matters.
  • “We always inform men and women their bonus is primarily based on how they did, how their team did, and last but not least how the organization did,” said a man or woman with awareness of the firm’s processes.



Supply

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says
Finance

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source

Read More
Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more
Finance

Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more

Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse […]

Read More
Swiss government proposes tough new capital rules in major blow to UBS
Finance

Swiss government proposes tough new capital rules in major blow to UBS

Key Points The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital. The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks. The Swiss National Bank said it supported the measures […]

Read More