When dealmaking was on a tear everyone from junior analysts to big rainmakers commanded fat bonuses and salary increases. The script has flipped as the economy slows, and bank chief executives are ready to wield the ax on lower-performing staff.
Josh Harris conducted personal investments, including his work with the Philadelphia 76ers and New Jersey Devils sports teams, while running Apollo, which former employees say was distracting.
Insider has identified the key folks behind the retailer's secretive endeavor to upend consumer banking. ONE has around 300 employees, including people from Goldman Sachs, Lyft, and Apple.
Talk of a recession, shaky CPI data, and price increases in things like groceries and health insurance has Wall Streeters bracing for a nightmare scenario for the US economy.