Goldman Sachs 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.
Jefferies hired a top Barclays dealmaker in Germany to lead its investment bank in the country in the latest executive departure from the UK...
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