Goldman Sachs’s Profit Drop Is 40 Percent Worse Than Wall Street Expected
Goldman Sachs posted its largest quarterly earnings miss in a decade as its investment banking and asset management revenue fell sharply.
Investment Banking
Bonuses for Goldman Partners Are Set to Shrink by up to 50% as Wall Street Banks Pull Back on Pay
Goldman Sachs partners could see their bonuses shrink by 50 percent this year as Wall Street looks to trim executive compensation.
After a Boom in Deal-Making, Wall Street’s Investment Banks Say the Party Is Over With Looming Layoffs
Investment banking revenue has fallen by 39 percent globally from 2021, and banks that went on hiring sprees amid a surge in deal-making last year are now threatening layoffs.
