Business
Goldman Sachs Allows Bankers to Trade Bespoke Suits for Khakis
Men cross the street in front of Goldman Sachs Group Inc.'s headquarters in New York.
Photographer: Victor J. Blue/Bloomberg
Maybe it’s the kombucha on tap. Or it might be the influence of a new boss who moonlights as an electronic music DJ.
Goldman Sachs Group Inc., a bastion of buttoned-down Wall Street, told employees Tuesday it’s loosening its fashion standards. “We believe this is the right time to move to a firmwide flexible dress code,” wrote its three most senior leaders, who pushed for “good judgment in this regard.”