Goldman, BofA Dismiss Traders After Getting Taste of 2016 Markets

  • Goldman said to plan cutting more than 5% of fixed-income jobs
  • BofA said to eliminate 150 trading, investment-banking workers

Why Goldman and BofA Are Under Pressure to Cut Jobs

Goldman Sachs Group Inc. and Bank of America Corp., two of Wall Street’s biggest investment banks, plan to lean on their periodic culls of low performers this year to rein in costs as a market rout pressures returns.

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