Compliance

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Greg MacSweeney
Greg MacSweeney
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Sallie Weeps Blood, Greg Smith Cashes In, Breaking Up the Banks and More

Sallie Krawcheck gave what is likely the most graphic description of big bank complexity, while Goldman Sachs prepares for ex-employee Greg Smith's supposedly tell-all book. Here what people are saying about these newsmakers, breaking up the big banks and the euro's continued troubles in this week's top quotes.
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7. Career Guidance

We think the historic two-year program is no longer the best approach for hiring and developing the careers of analysts in our banking and investment-management divisions. Making this change allows us to emphasize the longer-term career opportunities available at the firm.

—A spokesperson for Goldman Sachs discussing the bank's move to end contracts and bonuses for its legendary junior analyst program.

Source: A Bump in Path to Wall Street

[Related Coverage: As Markets Finally Celebrate the Euro, Charles Schwab Launches New Global Investing Platform.]

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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