Economy - Finance > Finance

Morgan Stanley CEO James Gorman wants US employees back in the office by Labor Day. 'If you can go into a restaurant in New York City, you can come into the office.'

1 month ago   |   By Business Insider

Summary List Placement Morgan Stanley's chief executive just made it clear that a return to the office is imminent for the bank's US employees.
Speaking on the same day Goldman Sachs' New York employees returned to work en masse in-person, Morgan Stanley chief exec James Gorman doubled down on a view shared by a number of his contemporaries in finance: The value of the office hasn't been eroded in spite of more than a year of remote work.
"Make no mistake about it. We do our work inside Morgan Stanley offices, and that's where we teach, that's where our interns learn, that's how we develop...
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Goldman Sachs is in talks to move more than 100 salespeople and traders to West Palm Beach, as the move from Wall Street to Florida accelerates

Goldman Sachs is in talks to move more than 100 salespeople and traders to West Palm Beach, as the move from Wall Street to Florida accelerates

1 month ago   |   By Business Insider

Summary List Placement Goldman Sachs employees in the U.S. officially reported back to the office on Monday, after more than a year of remote work. But some of them may soon be reporting to a very different office.
The bank is in the early stages of moving traders and salespeople to Florida, according to people with knowledge of the plans. The move would mean placing dozens of front-office staff from Goldman's core Wall Street operations outside a central financial hub, a once unthinkable outcome for a firm that has counted New York home for 152 years.
Leaders of Goldman's sales and...
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