Goldman Sachs braced for ‘momentous’ change

25 Sep 2008

Goldman Sachs this week became the fourth largest bank holding company in the world. What does it mean for the firm’s investment bankers and traders? asks David Rothnie

Since when was coming fourth something to boast about at Goldman Sachs? This week the firm, which used to known as the world’s most profitable investment bank, abandoned the broker-dealer model and settled for fourth place on the list of the world’s largest banks.

Two days later, Goldman ...

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