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Here Are the Top Finance Stories of the Day for May 18


Prudential Financial
The insurance giant joins PayPal and Chobani in investigating its employees financial health a move toward stakeholder capitalism, the idea that companies are responsible for not only their shareholders, but also their employees and communities. More on that here.
PJ Solomon
PJ Solomon plans to reconstruct its NYC headquarters and introduce a hybrid work model enabling some employees to permanently split their time between home and the office. Take an inside look at the bank s back-to-office reboot.
 
A truck drives in front of a power-generating windmill turbine on the Paris-Lille highway in Wancourt, France, April 3, 2019.
Pascal Rossignol/Reuters ....

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Goldman Taps Uber Executive to Run Its Consumer Bank


Provided by
Dow Jones
By Peter Rudegeair
Goldman Sachs Group Inc. is poaching an engineering executive from Uber Technologies Inc. to run Marcus, its digital-banking unit.
Peeyush Nahar is set to join Goldman on June 1 as a partner and head of its consumer business, according to an internal memo reviewed by The Wall Street Journal. At Uber, Mr. Nahar oversaw teams that developed software for payments, insurance and financial-technology services. Earlier in his career, he spent 14 years in a variety of roles at Amazon.com Inc., including building out a lending business for merchants selling on the retailer s online marketplace. ....

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Goldman hires Uber executive to run its consumer bank


By Syndicated Content
May 17, 2021 | 9:55 AM
(Reuters) – Goldman Sachs Group Inc hired a top executive from Uber Technologies Inc to lead its consumer banking business, the bank said in a memo on Monday.
Peeyush Nahar joins Goldman as the global head of its consumer business, which includes its online bank, Marcus. At Uber, he was vice president of technology.
Nahar takes over Goldman’s fledgling consumer business at a time of turnover in the division that Chief Executive David Solomon has identified as a key area of growth for the bank.
He is the third global head of consumer banking since last September, when Harit Talwar stepped aside to become division chairman, giving the top job to Omer Ismail. Ismail officially took over in January, but soon left for a position at Walmart Inc’s fintech venture. ....

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