It's all happening.
Goldman Sachs dismissed about 60 traders and salesmen in New York and London this week, according to a person briefed on the matter.
Bloomberg News reports that the cuts, which come on top of at least 353 others in New York this year, affect employees in fixed-income and equities, said the person, who asked not to be identified discussing personnel decisions. The departures are about evenly split between the two cities, the person said. Business Insider reported the New York cuts earlier Thursday.
In the meantime, Reuters reports that Commerzbank is to cut more than 100 jobs in its New York office as it streamlines certain operations in order to focus more on investment banking, an executive said.
"The planned realignment of our U.S. business will result in respective headcount reductions," Michael Reuther, head of capital markets at Commerzbank, said in an interview published on the company's intranet and seen by Reuters.
The company said the move was part of an existing plan and was not related to Britons' vote last week to leave the European Union.