Goldman Demands Junior Banker Fealty in PE Rivalry
Such strict rules though run counter to efforts by banks to maintain long-term goodwill with employees who may go elsewhere on Wall Street or even come back someday. And previous attempts to tighten controls on analysts have backfired. In 2013, Morgan Stanley ditched a policy to block junior bankers from talking with recruiters for outside firms after some of them complained, Bloomberg News reported at the time.
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