Spencer Jakab, from the FT’s Lex team, has produced a lovely On Wall Street column, speaking up for a bank that many have chosen to hate.
It’s packed with anecdotes and well worth a read. Here’s a taste:
As a green banker, an older client joked about his first day in the business in 1982 when Puerto Rican nationalists bombed Merrill Lynch’s Manhattan headquarters. “Didn’t they know all the money and brains are at Goldman?” Another time, upon informing my boss that a competitor was headhunting me, he said it would be worth my while to stay put “unless it’s Goldman, in which case I’ll pack your bags myself”.