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The question which major Wall Street firm is planning to slash jobs here.
While making plans to add jobs overseas Charlie Gasparino is here with the explicit things.
Can you say vampire -- Chinese Singapore Chinese and in -- just sick and -- you know you gonna have to go to five square.
6 April you're gonna have to go if you have to go to Singapore.
To see you love your life do we have a picture of -- Gary -- -- a product that by a Cleveland crash.
Well here's here's why does it go what they're spending -- yes he is -- in his interest figure cutting lots of jobs here we know.
We can be because it's a Goldman -- -- -- to jobs but the heart expanding overseas particularly Singapore to talk -- -- Has -- a thousand jobs in Singapore.
Goldman Sachs is so concerned about this juxtaposition cutting here expanding overseas are also expanding in Brazil I believe India.
Particularly Singapore this is undisclosed announced refers to get this they're so concerned about the fall under this.
Sources tell the Fox Business Network they're actually been it's been spending time -- representatives in Washington.
Alerting law -- even before becomes public the sort of soften the blow because right here -- there in a major retrenchment Goldman has to cut.
A billion dollars of course over the next years that's because of.
Dodd-Frank the regulatory could concerns also had a 500 million dollar.
Ruling again that was -- that does get bit but I have -- for that it would have a.
-- -- -- -- -- -- -- -- -- -- -- I think there are expecting them really sparkle was thanks but not on that business conditions are pretty -- in the US they have to cut a billion but this is the problem.
They have to -- a billion a lot of it's gonna come in the US.
And they are expanding overseas particularly the Singapore expansion.
A thousand jobs to same type of high paying jobs they're gonna cut here in the US and they are going to Washington basically alerting law makers such -- -- -- This is this is what we're doing well.
Well this is why -- global business aren't seeing that content did you read dairy milk to me.
They just sent me an email yeah.
There -- global business.
That's they're having it's amazing -- -- height of their global business to Africa chaotic I didn't know that well I can -- -- better economic effect if they don't really believe you understand that company forget about that I don't really know Goldman Sachs had to go visit so what are your -- and the Singapore they must believe there's a lot of business to be out of Singapore as it did this story here is two -- is -- Goldman -- or they're worried about the full -- that's what -- -- and yes there's if there's an overseas story.
-- the fact that the markets -- -- but also US regulations.
Are making it very difficult for firms -- -- they have to cut cause lot of firms have and expect Avant says talk about layoffs Goldman Sachs clearly is gonna -- layoffs.
Big -- here but they are expanding overseas particularly this that was a middle office in Singapore I hope that you know your -- -- to -- Singapore.
It's illegal and and I can't get it out -- that -- -- think -- -- -- I'll be in big trouble don't ship it on -- of the -- people -- -- -- keeping people.
-- it like a thousand degrees.
-- It sounds like a bit a bit like Singapore and what -- golden head that's right if you wanna get -- go to Goldman and noticing -- -- -- Collins not moving to.
Maybe he's getting -- there.
Thank you -- for -- -- -- -- that's the whole thing which is it.
Let's hope they if they commit securities fraud in Singapore thank you for getting rid about a -- or if they if they commit securities through Singapore Lloyd Blankfein and Gary Conan gonna get -- -- -- It's king and a few more OK so we said it -- first glimpse of the front page of the post -- Gary Cohn and I.
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