What is the primary reason for the recent job cuts in major banks like Goldman Sachs?
Goldman Cuts Dozens of Banking Jobs

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Business, Life Skills
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Annual performance reviews
Increased deal volumes
Global economic downturn
Regulatory penalties and reduced deal volumes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which cities are primarily affected by the job cuts in the banking industry?
Tokyo, Paris, and Berlin
Hong Kong, London, and New York
Sydney, Toronto, and Dubai
Beijing, Moscow, and Mumbai
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges banks face in reducing operating costs?
Decreasing regulatory penalties
Expanding into new markets
Increasing client transactions
Managing costs in a new environment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are boutique firms impacting the market share of big banks in M&A?
By offering lower fees
By taking significant market share
By focusing on small deals
By collaborating with big banks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a growing concern among investors regarding the banking sector?
Decreasing stock prices
Lack of job opportunities
High pay for top investment bankers
Increasing number of mergers
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