Liz Hoffman, Financial News

Liz Hoffman

Financial News

Mountain View, CA, United States

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  • Financial News
  • Wall Street Journal
  • Moneyish
  • Cashay
  • Fox Business

Recent articles by Liz:

Wall Street knows it’s too white – fixing it won’t be easy

Finance remains stubbornly white, even after years of lip service paid to the need to recruit and retain people of colour, and millions of dollars spent on the effort → Read More

Goldman Goes Main Street With Push Into Corporate Bank Accounts

Goldman Sachs—the go-to bank for complex trades and high-stakes mergers—is trying to become a player in the staid business of managing corporate cash. → Read More

Wall Street firm Evercore Partners will pay junior bankers not to work

Banks aren’t in financial distress this time, but they are bracing for a decline in deal-making as the pandemic drags on → Read More

Wall Street Firm Will Pay Junior Bankers Not to Work

Evercore Partners is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic. → Read More

SoftBank Plans to Seek Buyers for About $20 Billion of its T-Mobile Shares

SoftBank Group plans to seek buyers for about $20 billion of its shares in T-Mobile US in what would be one of the largest stock trades ever. → Read More

Leo Strine, Delaware’s Colorful Corporate-Law Czar, Joins New York Firm

Leo Strine Jr., the sharp-tongued former head of Delaware’s influential business court, is joining corporate law giant Wachtell, Lipton, Rosen & Katz. → Read More

Morgan Stanley Quarterly Profit Drops 30%

The bank’s profit fell 30% in the first quarter, the last big U.S. bank to lurch through a period of stress wrought by the coronavirus. → Read More

Goldman Sachs Quarterly Profit Falls 46%

The bank’s profit fell 46% in the first quarter, a three-month stretch when the coronavirus pandemic battered markets, companies and investors hoarded cash and the U.S. economy ground to a halt. → Read More

Morgan Stanley CEO Recovered From Coronavirus

Morgan Stanley Chief Executive James Gorman said he has recovered from the new coronavirus, the most senior Wall Street executive known to have been infected. → Read More

Senior Wall Street Executive Dies of Coronavirus

Peg Broadbent, the 56-year-old chief financial officer of investment bank Jefferies, has died from the coronavirus. → Read More

RBC seeks fire-sale buyers for $600m in seized mortgage debt

Canada’s largest bank by assets is moving to protect itself as pain spreads through the mortgage market → Read More

SoftBank backs away from part of planned bailout of WeWork

Investor told office-sharing company it may not buy $3bn of shares from existing investors as planned → Read More

Diary of a Crazy Week in the Markets

Veteran traders, bankers and investors just tried to make it through a wild week that was the first major test of Wall Street’s mettle since the global financial crisis that reshaped it. → Read More

In Boston, Money Managers Fire Shot at Wall Street Brokers

Big money managers and corporate CEOs next week will attend the first in a series of planned conferences, cutting banks out of a lucrative business. → Read More

Morgan Stanley doubles down on wealth with E*Trade buy

Investment bank will pay $13bn for the e-broker, staking its future on managing money for regular people → Read More

Morgan Stanley Is Buying E*Trade, Betting on Littler Customers

The all-stock takeover will combine a Wall Street firm in the late innings of a decadelong turnaround with a discount broker built on the backs of dot-com day traders. It is the biggest takeover by a giant U.S. bank since the 2008 financial crisis. → Read More

Goldman Private-Equity Push Takes a Hit

The two heads of Goldman Sachs Group’s flagship private-investing business quit Friday, the latest senior departures at the firm and ones that threaten to undermine a big fundraising push. → Read More

King of Goldman Sachs ‘straders’ to leave firm

Adam Korn supervised 5,000 engineers working to electronify Goldman trading floor → Read More

King of Goldman’s ‘Straders’ to Leave Firm

Goldman Sachs’ “straders,” the hybrid trader-coder whose star has been on the rise inside the Wall Street firm, are losing their ringleader. → Read More

Goldman Sachs Talks to Its Critics in Effort to Make Friends

Goldman Sachs Group set higher financial targets in an effort to turn a skeptical shareholder base into believers in Chief Executive David Solomon’s turnaround plan. → Read More