Global economic uncertainty and market volatility triggered by the Russia-Ukraine war, coupled with monetary tightening from the Federal Reserve and the Bank of England and expectations the European Central Bank will follow suit, have made deal financing costlier and harder to access, bankers and analysts say. While banks have agreed to provide the necessary financing, some are having to sweeten terms to find lenders willing to take on chunks of their debt. Global corporate debt yields have soared nearly 200 basis points on average this year.
The two banking behemoths’ participation in the $70 million funding round marks “another validation of the longevity of crypto.”
The Wall Street bank memo said that, as of May 1, there will be no cap on paid leave and senior staff can "take time off when needed without a fixed vacation day entitlement," the newspaper added. Goldman Sachs did not immediately respond to a request for comment. It comes about two months after a group of first-year Goldman Sachs analysts complained in March of being overworked and threatened to quit within six months unless conditions improved.