Asset Management

Davos debrief: What the World Economic Forum taught us about ESG, remote working and more

FN's weekly sustainable finance letter rounds up the best of the World Economic Forum and the latest developments in ESG

From Fink to Fraser, FN catches up with some of the stars of Davos
From Fink to Fraser, FN catches up with some of the stars of Davos Photo: Greg Beadl/World Economic Forum

Financial News' very own Kristen McGachey braved the cold of Davos to report back on the world elite's priorities for 2023 as they face harsh economic realities.

For finance bosses descending on the little Swiss town, discussion of job cuts and cost savings was never far away. In recent weeks, thousands across the industry heard they couldn’t count on keeping their jobs as Goldman Sachs, Barclays, Citigroup, Deutsche Bank and Morgan Stanley all re-introduced annual cuts of underperforming staff, while Credit Suisse cut 2,700 as part of a broader cull that will eventually see 9,000 employees exit by 2025.

WSJ Logo