More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.
Goldman has been handing out promotions and better pay to its salespeople, rather than the traders who manage the bank's inventory of securities and derivatives, people familiar with the bank's operations said.
Thursday, July 28, 2011
Goldman Sachs Traders Quit With Big Bonuses Drying Up
Reuters reports:
