Goldman Sachs has cut 25 managing directors in Europe, the Middle East and Africa as part of a global cull of senior bankers, as the Wall Street firm strips out around $1bn in costs.
The US bank's cuts in the region account for 20% of the 125 senior bankers that are leaving as part of Goldman's third round of redundancies in less than a year, according to people familiar with the matter.
Goldman...
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