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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- Good News! Goldman Sachs Scraps Second Round of Job Cuts after Strong Q2 Results
- Goldman Sachs, BNY Mellon launch tokenized money market funds solution
- Crypto Currents: Banks tokenize money market funds and XRP surges
- Mace Group announces investment in Mace Consult from Goldman Sachs Alternatives
- Northern Trust CEO says ‘never entertained discussions’ regarding sale