Report: More job cuts on the table at Goldman

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

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs