Goldman Sachs Said to Close Fixed-Income Prop Group (Update1)

Scalpuman at 11h05
16
Feb
2011
Goldman Sachs Said to Close Fixed-Income Prop Group (Update1)

By Michael J. Moore
Feb. 16 (Bloomberg) -- Goldman Sachs Group Inc., the U.S.
bank that relies on fixed-income trading for the largest portion of its revenue, will shut its Global Macro Proprietary Trading desk, a person with knowledge of the decision said.
The eight-person desk, which trades currencies and stocks as well as products tied to interest rates and other fixed- income markets, will
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16/02/2011 at 11h05 by "Scalpuman"