The investment bank will ask new analysts to certify every three months that they haven’t already lined up jobs elsewhere, according to people familiar with the matter. JPMorgan CEO Jamie Dimon said on-cycle recruitment is "unethical" and puts junior bankers in a "terrible position" with conflicts of interest due to access to confidential information.
“We are committed to a culture where our employees act with integrity, consistent with all of our policies,” said Goldman spokesperson Andrea Hurst.
