@david_scheer

Senior Editor at Bloomberg News, focusing on banks, Wall Street and the automation thereof. Based in Seattle. RTs aren't endorsements. Views are my own.

 Seattle
Joined June 2012
  • Tweets508
  • Following412
  • Followers579
34Media
A banker’s portrait of racism inside HSBC has sparks an internal probe. One typical comment that’s frequently aired across Wall Street: “It’s never been harder than right now, being a White man in banking.” bloomberg.com/news/articles/… w/ @harrynwilson

HSBC Banker’s Portrait of Racism Inside Firm Prompts Probe

The uncomfortable conversations began the moment the 48-page report landed in senior managers’ inboxes at HSBC Holdings Plc last month. Soon, attention turned to the unlikely author who was emailing...

bloomberg.com
1
7
5
An HSBC employee’s 48-page report on discrimination and racism at the bank prompted an internal probe bloomberg.com/news/articles/… via @bbgequality @harrynwilson @sridinats

HSBC Banker’s Portrait of Racism Inside Firm Prompts Probe

The uncomfortable conversations began the moment the 48-page report landed in senior managers’ inboxes at HSBC Holdings Plc last month. Soon, attention turned to the unlikely author who was emailing...

bloomberg.com
1
NEW: Goldman Sachs is exploring plans to set up a base in South Florida for one of its main units. what’s clear is more Goldman jobs heading out of New York faster than planned after the giant remote-work experiment. bloomberg.com/news/articles/…

Goldman Plots Florida Base for Asset Management in a Blow to New York

Goldman Sachs Group Inc. is weighing plans for a new Florida hub to house one of its key divisions, in another potential blow to New York’s stature as the de facto home of the U.S. financial industry.

bloomberg.com
4
16
4
47
David Scheer retweeted
Max Abelson@maxabelson6 Aug 2020
"When a Bloomberg reporter attempted to call a Morgan Stanley executive and tried to leave a message, his wife said she didn’t know about his contributions, asked for details and then needed a moment to catch her breath." Dang, @nasiripour and @parmarhema bloomberg.com/news/articles/…

This Billionaire Is Propping Up the Wall Street Elite’s Financial Contributions to Trump

A few years ago, Stephen Schwarzman was just the latest deep pocket on Wall Street to open up to Donald Trump. Right now, he’s the biggest one left.

bloomberg.com
1
39
3
50
dozens of interviews with Black workers across Wall Street reflect a sobering reality: the industry has mostly failed its people of color and few see that changing anytime soon. bloom.bg/3dKKDFz
4
28
2
35
David Scheer retweeted
Max Abelson@maxabelson2 Mar 2020
The rich are just like you and me. The slight difference is when an outbreak looms they call up the hospitals with their names on it, plan to fly out of town with or without their families, and ask their concierge doctor in Aspen for vaccines bloomberg.com/news/articles/…

Can We Get a Vaccine Early? How the Rich Prepare for Outbreak

One New Yorker called up the hospital with his name on it.

bloomberg.com
21
244
28
641
David Scheer retweeted
Karen Weise@KYWeise16 Dec 2019
Yes, @NBuhayar will read the fine print of your rulemaking and find on pg 100 that regulators want to let banks count loans to build football stadiums as helping poor areas bloomberg.com/news/articles/…

Financing for Sports Stadiums Could Count as Helping the Poor

For decades, the U.S. has required banks to steer a portion of their money to people in poor neighborhoods. Now, under proposed rule changes, banks may finance upgrades to sports stadiums, call it...

bloomberg.com
3
13
David Scheer retweeted
tom maloney@LamoneyTom22 Feb 2019
Our look at @elonmusk 's super jumbo mortgages and how WM banking builds stickier relationships with founders. With @WealthWatch and @sonalibasak bloomberg.com/news/articles/… via @business

Elon Musk Turns to Morgan Stanley for Five Monster Mortgages

When it comes to cars, tunnels and rockets, Elon Musk thinks big. The same’s true for his household finances.

bloomberg.com
1
4
1
David Scheer retweeted
Matt Day@mattmday21 Feb 2019
Zillow brings back founding CEO Rich Barton as the company tries to sell a skeptical Wall Street on its home flipping initiative: bloomberg.com/news/articles/… “My challenge will be getting investors really excited about taking this journey over the chasm with us."

Zillow CEO Steps Down So Rich Barton Can Lead Moonshot Effort

Zillow Group Inc. shares gained more than 21 percent after the company, which runs the biggest U.S. home-search website, said Rich Barton would return as top executive in a bid to win investors’...

bloomberg.com
1
1
1
Deutsche Bank reverses its pledge to help distressed homeowners bloomberg.com/news/articles/… via @markets

Deutsche Bank Reverses Pledge to Help Distressed Homeowners

Deutsche Bank AG has decided that none of the more than $4 billion it promised to spend on consumer relief after the global mortgage crisis will go to distressed U.S. homeowners, according to a...

bloomberg.com
3
1
An excellent look at how the biggest money is being made, by @LamoneyTom @wealth @markets bloomberg.com/news/articles/…
2
1
NEW: Amazon's proposed Virginia data center would be in the country's wealthiest county but could still qualify for federal tax breaks intended for distressed communities, @davidkski reports bloomberg.com/news/articles/…
12
1
21
Buffett's Berkshire trimmed its Apple stake while boosting its bets on some banks. The next great rotation for Berkshire? Story w/ @BenFoldy bloomberg.com/news/articles/…

Warren Buffett Doubles Down on Big Banks as Berkshire Trims Apple Stake

Warren Buffett’s Berkshire Hathaway Inc. took advantage of a plunge in bank stocks to pile even further into his bet on financials, while trimming a giant stake in Apple Inc.

bloomberg.com
3
1
3
David Scheer retweeted
Patrick Clark@pat_clark14 Feb 2019
A new breed of high-tech home flippers is using algorithms (and a healthy dose of Wall Street and Silicon Valley capital) to buy and sell at massive scale. Here's my story on Zillow's decision to join the iBuyers on the cover of this week's @BW bloomberg.com/news/features/…

Zillow Wants to Flip Your House

A new breed of high-tech real estate flippers is using algorithms (and a healthy dose of Silicon Valley venture capital) to buy at massive scale.

bloomberg.com
7
1
18
From billionaire Steve Cohen’s living room, former New Jersey Governor Chris Christie shared a few thoughts Tuesday night on Democratic presidential contenders @AmandaGordon bloomberg.com/news/articles/… via @business

Christie Handicaps the Field of Democratic Presidential Hopefuls

Steve Cohen, sitting in an armchair in the living room of his 51st-floor Midtown Manhattan apartment Tuesday night, had a couple questions for Chris Christie, the candidate he supported for president...

bloomberg.com
5
2
2
EXCLUSIVE: Goldman bankers debated buying a boutique investment bank last year to ramp up its presence in the mid-market space. It's a bit of a head-scratcher but $GS is deadly serious about making inroads with smaller clients. w/ @kielporter bloomberg.com/news/articles/…
1
5
1
7
David Scheer retweeted
Noah Buhayar@NBuhayar8 Feb 2019
Turns out the same guy putting together NYC's bid for HQ2 was also quite involved in helping NY pick zones eligible for generous new federal tax breaks. Incredible digging by @CalebMelby bloomberg.com/news/features/…
1
2
David Scheer retweeted
Reto Gregori@RetoGregori7 Feb 2019
Yay. Congrats to @zachmider, @ZekeFaux and @friedman305.
This Post is from an account that no longer exists. Learn more
5
24
EXCLUSIVE: How A Goldman Trading Head Tried to Bury Fight With Dismissed Underling * The head of giant stock-trading unit at $GS personally intervened. * Despite the fired underling accusing Daffey of wrongdoing * GS allowed Daffey to make call. bloomberg.com/news/articles/…
7
2
In which Blackstone CEO Schwarzman calls today's market selloff a “barf burger.” bloomberg.com/news/articles/… w/ @MichelleF_Davis & @hannahlevitt
3
1
6
Load more