Goldman Sachs feels the heat in Asia as IPO engine slows

Goldman Sachs feels the heat in Asia as IPO engine slows

The logo of Goldman Sachs is displayed in their office located in Sydney, Australia, May 18, 2016. REUTERS/David Gray

Goldman Sachs failed to make it to the upper echelon of Asia’s equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region.

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