Goldman president notes retrenching among major banks

Gary Cohn, president of Goldman Sachs Group, says his company and JPMorgan Chase are benefiting as rival investment banks retrench worldwide. "You're seeing big international banks, outside of ourselves and JPMorgan, really taking a pretty substantial step back from the markets, and we hadn't seen that in the entire history of banking," Cohn said.

View Full Article in:

Bloomberg Businessweek · Financial Times (tiered subscription model)

Published in Briefs: