Does Goldman Sachs Support Higher Prices?
T = Trends for a Stock’s Movement
Goldman Sachs is engaged in investment banking, securities, and investment management. It provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and high net worth individuals. The company operates in four segments: investment banking, institutional client services, investing and lending, and investment management. Through its segments, Goldman Sachs provides invaluable investment services to consumers and companies worldwide.
Recently, Goldman Sachs’ offices in Zürich had a visit by regional labor department inspectors regarding a complaint about overtime hours. Spokeswoman Irene Tschopp for Zürich canton’s labor department said that, “There was a complaint from the bank employees union and we’re obligated to investigate complaints,” by phone Thursday, confirming a previous report in the Swiss newspaper Tages-Anzeiger. Tschopp declined to divulge the contents of the complaint or the inspectors’ findings, due to data protection rules, while Goldman Sachs spokeswoman Monika Schaller would not comment. It is alleged that the bank failed to record employees’ working hours or compensate them for overtime, a violation of Swiss law, Tages-Anzeiger reported.