Goldman Sachs loans to pay employee margin calls
Here's one perk that Goldman Sachs isn't taking away: Cash to help up to 1,000 employees meet margin calls on funds run by the bank, according to the New York Times. Many of these funds have been hard hit. Employees in the funds are obligated to meet margin calls, and funds have such calls scheduled for April, notes the article. Those who fail to make the payments can lose their jobs. It's unclear how many will take up the loan offer, but it's fair to say that Goldman employees aren't as wealthy as they were a year ago.
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- here's the article
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