Goldman Sachs Plans Hiring Spree Amid Fed Scrutiny

Goldman Sachs is facing increased regulatory scrutiny, leading to the hiring of back-office staff to address compliance issues. Despite recent staff cuts due to declining profits, the firm is now focusing on remediation efforts. This shift impacts their business operations and management bandwidth, as compliance roles are prioritized over traditional banking roles.

How have Goldman Sachs' profits changed over the past two years?

What challenges does Goldman Sachs face in managing compliance alongside business operations?