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Goldman Cuts at Least 25 Asia Bankers as China Deals Swoon

  • Reductions come in equity capital markets, health care, TMT
  • US bank is planning further job cuts around the world
Goldman Sachs Expected To Cut Hundreds Of Jobs This Month

Photographer: Michael M. Santiago/Getty Images

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Goldman Sachs Group Inc. has started axing at least 25 investment bankers in Asia as a drought in dealmaking prompts cuts across sectors, people familiar with the matter said. 

The cuts span its equity capital markets, health care and telecommunication, media and technology teams in Asia, the people said, asking not to be identified because the matter is confidential. The majority of the reductions are affecting junior level bankers involved in deals in Greater China, the people said.