Wall Street Shrinks Further in Asia With Goldman, BofA Cuts

Updated on
  • Bank of America said poised to cut senior bankers in Asia
  • Goldman Sachs also said to be planning steep reductions

Goldman Sachs Said to Plan Job Cuts in Asia

Even a record acquisition spree by Chinese companies isn’t enough to ease pressure on investment banks to cut costs in Asia, with Goldman Sachs Group Inc. and Bank of America Corp. becoming the latest firms to prepare job reductions.

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