Report: More job cuts on the table at Goldman

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

At issue is the continuing sharp decline in FICC activity (especially fixed income) - noted by a number of banking industry executives at investor conferences this week.

"What drives activity in our business is volatility,” said Goldman Sachs (GS -0.6%) COO Gary Cohn yesterday. “If markets never move or don’t move, our clients really don’t need to transact... We’re not just waiting for things to get better.”

Previously: Goldman's Cohn: "Abnormal" lack of action in markets