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“#Wells Fargo, BlackRock delay office returns over rising COVID cases” Wells Fargo and BlackRock announced Thursday that they’re pushing back their return-to-office plans to October amid rising cases of COVID-19. Wells Fargo, the largest workforce of any US bank with almost 260,000 employees, said it will start calling workers back to the office on Oct….
“#Biden’s big business crackdown bad for Wall Street behemoths: sources” President Biden’s big business crackdown could be bad news for Wall Street titans like Ken Griffin — assuming the controversial effort ever makes it off the ground. On Tuesday, it was reported that President Biden is quietly working on an executive order intended to take…
“#Goldman Sachs welcomes bankers back with live music, food trucks” Goldman Sachs bankers finally schlepped back to their offices in New York this week — and the firm is trying to make their return as painless as possible. The Wall Street giant – whose chief executive David Solomon for months has been beating the drum…
“#BlackRock’s ‘No. 1’ goal in ‘woke’ investing: Huge ESG-funds haul” Progressives love the story of Engine No. 1, a small activist investor that just fought its way onto the board of what many wokesters consider the most vile company in the world: oil giant ExxonMobil. Most activists — think Paul Singer and Carl Icahn —…
“#Greedy Wall Street giants won’t fare well in Xi Jinping’s China” Congrats to America’s finance bros for finally getting their reward from the Chinese Communist Party. But surely, after obediently lobbying in favor of opening up to Beijing for decades, Wall Street deserved more than it received. Two finance giants, Goldman Sachs and BlackRock, can…
“#BlackRock hires law firm to review executive’s conduct” BlackRock said Monday it is hiring a prominent law firm to conduct an internal review after a report in a trade publication detailed new employee complaints about the conduct of executives, including senior leader Mark Wiedman. BlackRock CEO Larry Fink said in a staffwide memo on Monday…
“#How corporations surrendered to hard-left wokeness” Companies used to be in business to make money, sell stuff and employ people. They were run by executives who were proudly capitalist and believed in the country’s founding principles. No longer, it seems. Big businesses’ support of green-energy legislation, various social-justice edicts and the silencing of right-wingers on…
“#BlackRock’s Larry Fink urges companies to plan for climate change” Larry Fink is telling companies he invests in to show him how they will combat climate change — or else. In his annual letter to shareholders, the billionaire chief executive of BlackRock said his $8.7 trillion fund will require companies it invests in to “disclose…
“#Wall Street bigs press for speedier COVID vaccine rollout in NY” New York City’s business leaders are concerned about the state’s troubled COVID vaccine rollout — and they’re offering to mobilize their clout and resources to help speed it up. Reps from dozens of city-based firms led by Goldman Sachs chief David Solomon held a…
“#Kamala Harris’ top economic advisor is another BlackRock exec” BlackRock is cementing its position as the Biden administration’s go-to Wall Street firm. Vice-President-elect Kamala Harris on Friday said she’s selected BlackRock’s Global Chief Investment Strategist Mike Pyle as her chief economic advisor, making him the third high-profile member of Larry Fink’s $7.8 trillion financial empire…