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🍋 Bankers Looking for Love
It seems like the younger generations are leading the way in embracing workplace romance. According to recent data, younger millennials and Generation Z workers are far more open to the idea of office romances than their older colleagues. While around 20%, percent of baby boomers and older workers are comfortable with the idea, a whopping third of younger millennials and Gen Zers are open to the possibility.
🍋 Goldman Consumer Banking: #REF!
Goldman Sachs announced yesterday the bank is considering some strategic maneuvers to regain its footing in the ever-competitive world of consumer banking. Its CEO, David Solomon, has acknowledged that the bank made a few missteps when it went all-in on consumer banking.
🍋 Consultants Down Bad
Consulting firms are facing tough times ahead as the pandemic and economic uncertainty have put a damper on the once-booming industry. McKinsey and KPMG are just two of the firms feeling the pinch with job cuts and a decrease in demand for their services. The days of big spending and record fees may be coming to an end as clients tighten their belts and face the threat of inflation.
🍋 Mormon Hedge Fund
The Church of Jesus Christ of Latter-day Saints (better known as the Mormon Church) just got a $5 million slap on the wrist from the SEC for playing a game of financial hide-and-seek with their investments. Turns out, their investment arm, Ensign Peak Advisors, kept their $32 billion equity portfolio on the down-low for 22 years.
