Goldman Sachs is planning to cut 42% of its fixed-income jobs, with the reduction expected to take place in the next two weeks . This follows the bank's reported results, which indicate a 42% slide in bond trading in the next two weeks , one of the worst performances since the financial crisis. All of the banks, from Morgan Stanley to Morgan Stanley , have shrunk their fixed-income business since the financial crisis; however, the market continues to contract, leaving those firms and executives with the tricky decision to cut further or try to ride out what could be a temporary slowdown; trimming costs, either from smaller bonuses or fewer employees, may help boost returns.
Morgan Stanley is planning to cut up to 25% of its fixed-income jobs, with the reduction expected to take place in the next two weeks. This follows the bank's reported results, which indicate a 42% slide in bond trading in 3Q 2015, one of the worst performances since the financial crisis. All of the banks, from Deutsche Bank to Goldman Sachs, have shrunk their fixed-income business since the financial crisis; however, the market continues to contract, leaving those firms and executives with the tricky decision to cut further or try to ride out what could be a temporary slowdown; trimming costs, either from smaller bonuses or fewer employees, may help boost returns.