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Goldman Sachs relaxes dress code for all employees



  People walk along Wall Street in the financial district on April 19, 2010 in New York City. Image copyright
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Goldman Sachs relaxes their dress code when the Wall Street giant moves toward a more informal workplace.

The investment bank announced "fixed broad flexible dress code" in an internal note, and encouraged employees to use "good rating" in their fashion choices.

Goldman Sachs unleashed the dress code for his tech division in 201

7, in a bid to appeal to top talent.

Other banks that JP Morgan has taken similar steps.

In a widely quoted note, the US bank said that "changing jobs generally in favor of a more informal environment" had promoted the move to a "solid broad-based dress code".

"Informal dress is not appropriate every day and for every interaction, and we trust that you will consistently exercise good judgment in this regard," read the note.

The memo was signed by the investment bank's top executives, including CEO David Solomon.

Salomon – also an electronic dance DJ – marks a new era for Goldman Sachs management after 12 years under the helm of Lloyd Blankfein.

Goldman Sachs, the world's most influential investment bank, has criticized its role in global debt and euro area debt crises.

He has promised greater openness, while the bank has also made progress in retail.

] It was famously described by Rolling Stone magazine as "great vampire squid wrapped around humanity" for its relentless pursuit of money.


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