When Goldman Sachs entered the credit card space in 2019, many consumer banks were concerned that a new competitor had emerged. But just four years later, the firm is pulling back. We explain why. Photos: Reuters
Almost half of the new class comes from Goldman’s traditional powerhouses, investment banking and trading
Goldman Sachs on Thursday promoted 608 employees to the role of managing director, a smaller group than the last class two years ago., with 643 employees promoted to managing director. But the 2023 class is still much bigger than the previous few classes before the pandemic. The 2019 class, for example, had 465 employees.Continue reading your article with
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