Business & Finance

Goldman says it will double hiring of junior bankers from black colleges by 2025

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David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019

Mike Blake | Reuters

Goldman Sachs CEO David Solomon issued new goals to help boost diversity at the Wall Street bank, including a target of doubling the hiring of entry-level bankers and traders from historically black colleges.

Solomon told employees Wednesday in a staff email that after setting goals last year to hire more Black and Latino employees, the New York-based firm had the “highest representation” of Black workers and a majority of women in its

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Oneglobal Broking embarks on Asia expansion

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Oneglobal Broking has announced the establishment of Oneglobal Group Asia to spearhead its Asian expansion efforts. Furthermore, its first operating company, Oneglobal Broking Hong Kong Ltd, has received regulatory approval from the Insurance Authority.

Broking veteran Anthony Langridge (pictured) was appointed chairman of Oneglobal Hong Kong, reporting to Jonathan Palmer-Brown, Oneglobal Group chairman and chairman of Oneglobal Group Asia.

According to a statement from Oneglobal, Langridge has outstanding relationships with senior business leaders throughout Asia and will be instrumental in driving the growth of Oneglobal across the continent. He was formerly chairman of JLT Asia, as well as deputy chairman

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Allianz Group’s profit falls in Q2

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It’s the turn of Allianz SE to reveal how it fared in the second quarter, and the German insurance giant describes its performance as “resilient” amid the current difficult environment.

According to the company’s earnings release, the net income attributable to shareholders in Q2 fell 28.6% to €1.5 billion (around SG$2.43 billion). In the three-month span, Allianz saw a 6.8% decline in total revenues to €30.9 billion (around SG$50.0 billion), while the insurer’s operating profit for the quarter stood at €2.6 billion (around SG$4.21 billion).

The aforementioned amount represents an 18.8% decrease from the operating profit posted by Allianz in

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The $600 unemployment boost leaves 6 million without enough cash

spike 4 hours ago

Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida.

Joe Raedle | Getty Images

Losing a $600 boost to weekly unemployment benefits puts 6 million people at risk of not being able to pay their bills this month, a new survey found.

That financial hardship comes at a time when jobs are hard to find, lawmakers are at an impasse over continuing federal jobless aid and eviction moratoriums have expired in around 30 states. A federal moratorium ended in late July.

The $600

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