Goldman Cuts Dozens of Banking Jobs

The transcript discusses significant job cuts in the banking industry, focusing on major banks like Goldman Sachs and HSBC. It highlights the impact on client-focused roles and the challenges banks face due to reduced deal volumes and regulatory penalties. The role of boutique firms in capturing market share is also examined. Additionally, the transcript addresses the issue of high banker salaries and growing investor opposition to large pay packages.

In what ways are boutique firms impacting the market share of big banks?

What concerns are being raised regarding pay packages for top investment bankers?