Goldman Sachs Leads Wall Street's Post-Crisis Pay Slump

The video discusses a significant decline in compensation across major banks, with Goldman Sachs experiencing a 61% drop. This trend highlights a shift from traditional investment banking and trading to wealth management and consumer businesses. The discussion suggests a structural change in the banking industry, focusing on cost-cutting in trading operations and increasing investment in fee-based activities. The video also touches on the reduced need for large trading desks, exemplified by Goldman's downsizing.

Which bank experienced the highest decline in compensation according to the video?

• Deutsche Bank

• Morgan Stanley

• Goldman Sachs

• Bank of America

What is the average decline in compensation across banks as mentioned in the video?

• 50%

• 61%

• 14%

• 30%

Which area are banks focusing on for growth, as discussed in the video?

• Real estate investments

• Wealth management and consumer businesses

• Trading operations

• Traditional investment banking

What structural change is happening in trading desks according to the video?

• Shift to boutique banks

• Increase in personnel

• Reduction in personnel

• Expansion of trading operations

What question has been raised about the cost of bankers?

• Are bankers focusing on real estate?

• Is the cost of bankers increasing?

• Is the cost of bankers decreasing?

• Are bankers moving to larger banks?