Jeffrey Cane

Tom Montag retired as Bank of America’s No. 2 in 2021 amid questions about his leadership style. Now, he is said to be in line to join the board of Goldman Sachs as its CEO, David Solomon, faces scrutiny over his leadership. Naming Montag, who had previously been at Goldman with Solomon, “would likely signal that the CEO — who also serves as chairman — is shoring up support,” report Bloomberg’s Sridhar Natarajan and Katherine Doherty. Yet Montag was on the trading side of Goldman, while Solomon…

Morgan Stanley CEO James Gorman says he hopes to leave successor with a clean sheet.Capital increases and block trading investigations are still issues.James Gorman, one of the longest serving chiefs on Wall Street, took some people by surprise when he announced last month that he expected to step down as chief executive of Morgan Stanley in the next 12 months.The board has identified 3 internal candidates to succeed him, Gorman told shareholders at the company’s annual meeting on May 19. I defi…

Goldman Sachs tried to do business with a luxury real-estate developer. It didn’t get the deal, but its CEO bought some of the shares instead.

From activist investing and private credit to the politics of ESG, here are the themes that defined hedge funds and asset managers in 2022.