According to the Financial Times, the US bank will reduce the bonuses it gives its investment bankers by at least 40%.
Faced with a deteriorating economic environment, Goldman Sachs seeks to reduce its costs. According to financial timesThe US bank plans to reduce the bonuses it gives its 3,000 investment bankers by at least 40%.
Beyond the bonuses for its traders, Goldman Sachs plans to cut at least 400 positions out of 49,000 in losing trades, according to Bloomberg data. His retail bank, Marcus, which is expected to lose more than $1 billion this year, is being hit particularly hard, according to the echoes.
Goldman Sachs isn’t the only bank that wants to cut spending. According to the Financial Times, JPMorgan Chase, Citigroup and Bank of America are considering cutting bonuses for investment bankers by 30%.
Source: BFM TV
