Goldman fails Stress Test -- this in any way impact return offers?
I would imagine the answer to my question is no, but does failing the stress test mean that Goldman has to conserve more cash? Which might mean they might be stingier than usual doling out FT offers?
has 0 to do with M&A
Yeah, I figured, but was just wondering if others thought this might put them on on overall "cost-saving" mandate over the next 6-12 months.
Does it have to do with any of the divisions with reference to impacting return offers
I have slightlyless resect for GS now![]()
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if you have to question whether that effects your return offer, you don't deserve a return order
is it really that implausible to think management might possibly issue an edict that “S&T and capital markets, we’re only taking 60 interns from your groups this year instead of 80”? I’m not saying that will be the case, but if they’re trying to save cash, isn’t it possible this will be the thinking? Which would mean that some interns who might make have converted in another year might not make it this year due to cost cutting?
If you think that saving ~$2M in salary by not taking on additional FTEs will help alleviate their liquidity issues, then, like the other person said, you probably don’t deserve a return offer.
Just google CCAR and DFAST and hopefully that will provide a better understanding on what it means to fail a stress test. Hope that helps!
https://www.occ.treas.gov/publications-and-resources/forms/dodd-frank-a…
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