Goldman Sachs (GS) has decided to not make a second round of performance-based job cuts after experiencing a better-than-expected recovery in investment banking, Joshua Franklin, James Fontanella-Khan, and Ortenca Aliaj of The Financial Times reports, citing sources familiar with the matter. Specifically, a rise in investment banking fees, client engagement, and strength in its trading division contributed to Goldman’s decision, the journal’s sources added.
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