Gary Gensler is working on Biden's financial regulatory plans. Chip Somodevilla/Getty Images
Yoonji Han spoke to securities lawyers to understand what Gary Gensler, President-elect Joe Biden's pick for leading his financial policy transition team, means for Wall Street.
Gensler, who spent 18 years at Goldman Sachs, is no stranger to public office, having served as chairman of the CFTC.
Speaking of Goldman's partners, the bank's technology, media, and telecommunications (TMT) investment-banking group had a big day on Thursday, adding seven new partners from the group. Meet the seven new partners from the team.
As Dan Geiger reported on Saturday, Ralph Lauren has agreed to sublease a large store formerly occupied by its Polo brand on Fifth Avenue for just a fraction of the astronomical rent the fashion label pays for the space.
The deal offers a stark data point that illustrates the sharp decline of the brick-and-mortar store retail market amid the Covid pandemic and the yearslong advance of e-commerce.
The San Francisco-based delivery startup DoorDash on Friday filed paperwork to go public, detailing its investors shedding more light on who is set to benefit from its initial public offering.
Giant institutional investors with stakes include Fidelity, through funds like its $125 billion Contrafund, and T. Rowe Price, through funds including its $61 billion Growth Stock Fund.
