Goldman Sachs execs are jockeying for power in the firm's big new private investing unit — and the stakes couldn't be higher

To fail could mean a brain drain from two of Goldman's most successful units, the merchant bank and the special situations group.

July 16, 2019   |   View Online »

Goldman Sachs execs are jockeying for power in the firm's big new private investing unit — and the stakes couldn't be higher Dakin Campbell | To fail could mean a brain drain from two of Goldman's most successful units, the merchant bank and the special situations group. Read More »

We've mapped out the 30 most powerful people in Bank of America Merrill Lynch's vaunted bond-trading division Alex Morrell,Yutong Yuan | COO Tom Montag oversees one of the most formidable FICC divisions on Wall Street. Here are his top executives and lieutenants. Read More »

Hedge-fund giant Glenn Dubin and his wife, Eva, told Jeffrey Epstein's probation officer they were '100% comfortable' with the sex offender around their kids. New documents show the extent of the billionaire couple's relationship with Epstein. Meghan Morris,Casey Sullivan | Glenn and Eva Dubin have a decades-long business, social, and philanthropic relationship with Jeffrey Epstein, who now faces another round of charges. Read More »

In a stark reversal, Citi's revved-up credit-card business helped it beat earnings — and it may be pivotal in proving Wall Street doubters wrong Alex Morrell | It's a stark reversal of fortune for the bank's credit-card business, which struggled in 2018 and missed growth targets. Read More »

Hedge funds are getting swamped by alternative data. Some want to fast-track how they buy it and focus back on trades. Bradley Saacks | Websites set up by Balyasny and WorldQuant give rapid feedback on alternative data, but some sellers think hedge funds are not going deep enough. Read More »

Deutsche Bank just nabbed AQR's head of technology to help lead a $15 billion push into digital with a focus on the cloud Dan DeFrancesco | Neal Pawar, who has served as the chief technology officer at AQR since 2014, will join the German bank in September. Read More »

I'm a CEO who gave up my corner office and placed my seat in the middle of the room — and it's been great for business Robin Madell | For SquareFoot CEO Jonathan Wasserstrum, sitting in the middle of the office is a must, and he's created a culture of collaboration and accessibility. Read More »

IBM has spun off IBM Watson Marketing into a new company, Acoustic, and it could be bad news for Adobe, Oracle, and Salesforce Lucia Moses | IBM Watson Marketing, now Acoustic, wants to help marketers give customers a consistent and personalized experience. Read More »

Traders are piling $11.5 trillion into riskier and riskier bonds — and Bank of America warns we're in 'uncharted territory' Callum Burroughs | Central-bank policies are leading investors into riskier fixed-income bets, driving yields lower. Investors have few choices in the hunt for returns. Read More »

Government investigations, fired CEOs, and a sector in turmoil: Cannabis companies are facing a hidden threat, and the honeymoon might be over Jeremy Berke | The sector has been hit by bad news in recent weeks, including a federal agency seizing illegally grown cannabis at one of CannTrust's growing facilities, and Canopy Growth ousting its founder and longtime CEO. Read More »

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