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The Goldman Sachs booth on the floor of the New York Stock Exchange. Photo: Chris Hondros/Getty Images
Goldman Sachs is the latest Wall Street bank to drop its stuffy dress code in favor of a "flexible" approach likely to appeal to millennials the company is trying to hire, per the FT.
The big picture: This change comes 3 years after a similar pledge by JPMorgan Chase, who realigned to a business casual look in 2016. From Goldman's memo, "Given our firm philosophy and the changing nature of workplaces generally in favor of a more casual environment, we believe this is the right time to move to a firmwide flexible dress code."