GS merging IB w/ Trading?
However, Goldman Sachs, which recently announced plans to merge its investment banking and trading divisions, is contemplating firmwide bonus pool cuts. (FT)
Why they would merge both divisions within the firm and not leave them separated. Even if on paper they are one division, wouldn't in practice still be 2 divisions = useless merger?
How would that even work with the Chinese wall?
Technically it can work. Not saying that it will.
Even on the trading floor it’s separated from public and private markets.
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