NEW YORK CITY (dpa-AFX) - Goldman Sachs Group Inc. (GS) plans to cut about a quarter of its investment-banking jobs in Asia, excluding Japan, according to media reports, citing person with knowledge of the matter.
The New York-based bank reportedly plans to make the cutback of about 75 jobs in the region later this year. The job reduction comes as the bank faces its worst Asia ranking in equity issuance since 2008, according to data compiled by Bloomberg data. A Goldman Sachs spokesman said he was unable to comment.
GS closed Friday's regular trading at $165.13, up $2.89 or 1.72 percent.
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