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Goldman Sachs has become the latest bank to aim for a reshape of its trading desks. The second largest globally operating investment bank and the head honcho of its Fixed Income, Currencies and Commodities (FICC) unit, Thomas Cornacchia, have parted ways, an internal memo sent to employees of the company states.
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The change is part of a broader shift in the business of Goldman Sachs towards a more agency-like model of sales. Back in March 2016, Cornacchia publicly stated that the regulatory framework changes are going to ... (read more)