The changing of the guard at Goldman Sachs — and with it, the prospect of the US banking giant retreating from fixed income trading — sent tremors through its London office last week.
The first ripples came in the form of a frantic rush of news. It began March 9 with a report that CEO Lloyd Blankfein would step down by 2019, and accelerated the following Monday when the bank announced that Harvey Schwartz, co-president and co-COO, was stepping down, leaving his counterpart David Solomon as the lead contender for the top job.
