Reuters reports that, according to its sources, Goldman Sachs trimmed staff in its U.S. operations on Thursday, amid a slowdown in capital markets activity.
The investment bank cut several dozen jobs at its offices in New York, New Jersey and Salt Lake City, Utah, said the people, who spoke under the condition of anonymity.
In the meantime, the news agency reports that private equity firm 3i is axing more than a third of its workforce and closing offices from Barcelona to Shanghai in an overhaul it hopes will help turn around its ailing performance and appease disgruntled shareholders.
New head Simon Borrows, a former Greenhill banker who took over last month, will cut over 160 jobs as he seeks to reduce annual operating costs by $62m within two years.
Finally, a new report released by the CBI and PwC reveals that 11,000 jobs have been lost in UK financial services over the last 3 months - all in banking.
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
