21 hours ago
Goldman Sachs global head of equity markets to retire
Goldman Sachs Group Inc's global head of equity capital markets, Stephen Pierce, has decided to retire from the role, effective July 1, after 31 years with the Wall Street bank, the company said in a memo. "There will be no replacement at this time for global head (of equity capital markets)," the company said in an email on Friday. Goldman Sachs posted a 2 percent drop in trading revenue for the first quarter ended March 31, a sharp contrast to results from JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp, which all beat analyst estimates due to strength in trading.