Goldman’s bond desk posts embarrassing drop as Wall Street rivals soar: ‘A fire is being lit under the traders’

Paradigma de interes

Goldman Sachs bond traders weathered a disastrous spring — and they’re likely to face major heat from CEO David Solomon to get their act together this summer. Earlier this week, the Wall Street giant reported blowout earnings overall , but revenue in its bond-trading division fell 10% in the first quarter – missing analysts’ expectations by a whopping $910 million. “It was basically just a function of the overall environment making markets,” Goldman CFO Denis Coleman said Monday, as shares in