The Traderszone Network

Published in TZ Latest News 12 November, 2014 by The TZ Newswire Staff

Goldman Sachs inducts 78 bankers into elite partnership

Goldman Sachs Group Inc (GS.N) elevated 78 employees on Wednesday by making them partners, according to an internal memo viewed by Reuters, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers. The partnership is a lingering vestige of Goldman’s time as a private firm, when partners pooled their own money to support trading and investment banking, and split resulting profits or losses.

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