The Wall Street Journal

Reporter, Banking
The Wall Street Journal is seeking a reporter to cover the most storied firm on Wall Street -- Goldman Sachs. This is a marquee beat at the center of markets and finance.

You will also cover Morgan Stanley. Together, the banks sit at the intersection of Wall Street and the rest of the economy. Their traders keep the markets humming. Their bankers negotiate megamergers and big IPOs. They cater to the rich and powerful and, increasingly, a broader swath of the American public with nascent Main Street banking offerings. Both rebounded from the 2008 financial crisis to post record profits -- a run largely unaffected by a pandemic that’s caused widespread economic damage. It’s an ideal time to start on the beat. Goldman is pivoting away from its iconic trading and deal-making businesses toward savings accounts and credit cards for the masses. (And it recently paid a massive fine to resolve a globe-spanning corruption scandal.) Morgan Stanley is changing, too -- paying $18 billion for a pair of companies it hopes will hasten its transformation into a money manager for regular people. A power shift in Washington following the inauguration of President Biden could put them, and the rest of Wall Street, back in regulators’ crosshairs.
10 March 2021