• Goldman Sachs sees two COVID-19 cases as workers return to the office

    Goldman Sachs sees two COVID-19 cases as workers return to the office

    Goldman Sachs has seen two employees test positive for COVID-19 in the last two weeks — just as the megabank has begun to prod workers back into the office, sources told The Post. One of the cases appears to have affected Goldman’s trading operation, and the bank has sent some workers in that division home …
  • Why BlackRock’s Larry Fink isn’t happy about the work-from-home trend

    Why BlackRock’s Larry Fink isn’t happy about the work-from-home trend

    The coronavirus will likely leave a permanent mark on the world’s largest asset management company, and CEO Larry Fink isn’t thrilled about it. “I don’t believe BlackRock will be ever 100 percent back in office,” the New York company’s billionaire chairman and chief executive revealed on Thursday. “I actually believe maybe 60 percent or 70 …
  • COVID-19 case may derail JPMorgan’s back-to-work push

    COVID-19 case may derail JPMorgan’s back-to-work push

    Jamie Dimon’s back-to-the-office push despite the pandemic has already run into trouble. JPMorgan Chase was forced to send some workers its New York City headquarters home this week after an employee in the bank’s equities trading and sales division tested positive for the deadly coronavirus, sources told The Post. An insider said the banking giant  …
  • JPMorgan Chase reportedly had talks about putting banks inside USPS locations

    JPMorgan Chase reportedly had talks about putting banks inside USPS locations

    The United States Postal Service wants to get back into the banking business — and Jamie Dimon appears eager to help. USPS officials are considering a pilot program that would allow Dimon’s JPMorgan Chase to lease space at post offices for ATMs and provide other financial services at locations across the country, according to a …
  • Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett has given up his long-held conviction against buying gold — and he’s meanwhile getting out of Goldman Sachs. The totemic tycoon revealed in filings late last week that he has scooped up more than 20 million shares of mining giant Barrick Gold Corp. even as he unloaded nearly all of his nearly 2 …
  • Sandy Hook parents warn Jamie Dimon not to protect bankrupt Remington

    Sandy Hook parents warn Jamie Dimon not to protect bankrupt Remington

    Sandy Hook parents are warning JPMorgan CEO Jamie Dimon to stay out of their way as they continue their lawsuit against gunmaker Remington, which filed for bankruptcy protection on Tuesday morning. The Chapter 11 bankruptcy stands to shield Remington from outstanding legal actions, including the 2015 wrongful death suit filed by the families of nine …
  • Jamie Dimon drops into Mt. Kisco Chase branch, takes a knee with staff

    Jamie Dimon drops into Mt. Kisco Chase branch, takes a knee with staff

    Jamie Dimon’s first public sighting since he underwent heart surgery three months ago has resulted in a photo of him kneeling at a local Chase branch — sparking questions about whether he was “taking a knee” in solidarity with widespread racial justice protests. The 63-year-old CEO of JPMorgan Chase underwent emergency heart surgery on March …
  • Atul Gawande will switch roles at health care joint venture Haven

    Atul Gawande will switch roles at health care joint venture Haven

    Harvard surgeon and author Atul Gawande will step down as chief executive officer to take on the role of chairman at Haven, the healthcare joint venture of Amazon, Berkshire Hathaway and JPMorgan Chase. Boston-based Haven said on Wednesday Gawande was taking the new role to focus on company strategies, and form policies related to the …
  • Goldman Sachs votes to pay CEO David Solomon $24.7M

    Goldman Sachs votes to pay CEO David Solomon $24.7M

    Goldman Sachs shareholders approved CEO David Solomon’s $24.7 million pay day on Thursday despite calls for it to be voted down in light of the COVID-19 pandemic. Seventy-one percent of shareholders OK’d the 2019 compensation package, down from 91 percent the year earlier, Goldman announced at its annual shareholder meeting. The 58-year-old chief executive’s pay …
  • JPMorgan Chase profits sink 70 percent as bank braces for loan defaults

    JPMorgan Chase profits sink 70 percent as bank braces for loan defaults

    Jamie Dimon is preparing America’s biggest bank for some very rainy days ahead. The chief executive of JPMorgan Chase said he sees the economy worse before they get better on Tuesday after his bank reported its profits fell nearly 70 percent in the first quarter of 2020 as the coronavirus ravaged the US economy, forcing …