Morning Coffee: Tragic death of 27-year-old Goldman Sachs analyst. The Bank of America trading desks that have doubled in size and are still growing

efinancialcareers.com:

The normally irrepressible <a href=«https://twitter.com/HighyieldHarry/status/1686462929254658049?ref_src=» https: style=«color:#0563c1; text-decoration:underline»>finance meme accounts interrupted their stream of humour yesterday, as the terrible news came through that John Castic’s body had been found in Newtown Creek, half a mile away from the Brooklyn Mirage nightclub where he was last seen.  Castic seems to have been a follower of most of the big meme accounts, and apparently occasionally interacted with some of them.  In other words, a completely normal twentysomething banker from New York.

In many ways, the very normality is unnerving.  John Castic happened to work at Goldman Sachs, whose security office said they had been doing what they could to help with the search and support his family. But other than that, this awful event doesn’t seem to have anything to do with banking at all.  In fact, another young man with no connection to the banking industry died two weeks ago in similar circumstances – the police haven’t suggested either death is suspicious so far, but people have made connections and are warning each other to be careful.

Bankers are humans too – they live and have friends in the city, they go out, and sometimes horrible things happen to them.  There’s no moral to some stories, other than to remember that anything can happen at any time, so try never to part with harsh words.

More cheerful news elsewhere – Bank of America is committed to continuing to expand its fixed-income trading business, particularly in Europe.  This is despite having a hiring freeze and despite having grown significantly already over the last couple of years.  The currency and commodities salesforce, for example, has doubled