Banking

Goldman weighs raising base salaries under pressure from rivals: report

Goldman Sachs is considering whether to raise salaries for junior investment bankers to compete with rivals on Wall Street, as younger staffers have complained of experiencing burnout from long hours worked during the pandemic, when financial markets were exceptionally busy.

Overdraft fees fell in the COVID-19 economy

Legislators slammed banks last week for the money they made from overdraft fees. It turns out, though, that overdraft revenue fell in 2020 for the first time in six years.