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FirstFT: Goldman Sachs and Morgan Stanley chiefs see ‘green shoots’ of recovery

The chief executives of Goldman Sachs and Morgan Stanley yesterday said they were seeing “green shoots” in their struggling investment banking businesses.

Speaking at an industry conference organised by Morgan Stanley, the bank’s chief executive James Gorman said: “We’re clearly seeing more green shoots. I’m having more discussions with CEOs.”

Gorman, who plans to step down as chief executive within the next 12 months, said…

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