David Solomon wants more face time – Cuts are back at BofA – BlackRock teams up with Snowflake

David Solomon wants more face time – Cuts are back at BofA – BlackRock teams up with Snowflake

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Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:

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Goldman CEO wants this summer's interns in the office and says remote work has had an 'enormous impact' on how the bank operates

One of Wall Street's most influential CEOs has dumped a bucket of cold water on the idea of long-term remote work and a second year of virtual summer internships, as uncertainty looms about the threat created by the coronavirus pandemic.

"This is not a new normal," Goldman Sachs CEO David Solomon said this week, adding that the nature of remote work was in conflict with his firm's "innovative, collaborative, apprenticeship culture."

"I don't want another class of young people arriving at Goldman Sachs in the summer remotely," he said.  

Read more about Goldman's remote work outlook, and what it means for young Wall Street.

Bank of America is firing people in its investment bank again

Amid the uncertainty and chaos in the early days of the pandemic, Bank of America committed to avoiding layoffs for the year. For staff in trading and investment