Goldman Sachs is pulling Claude Code from its bankers and traders

Instead of reading I spent time studying those traders with both hands left! Ironically they are obviously the ones who need claude the most.

> Why a coding agent is riskier on a trading desk

If you need to ask, maybe you shouldn't hand it over to non tech, high risk individuals just yet.

I never understand why Goldman Sachs gets so much attention for their technology. Their tech stack for front office (sales, trading, quants) is utter shit -- Slang is like a closed-source poor man's Python, and SecDB (their database) has no SQL interface -- only key-value pair (like a NoSQL database). The tech stack at JPMorgan and Morgan Stanley is light years ahead. My only explanation: The Goldman PR team is unbeatable. I assume that they are sometimes paying/bribing media to run stories. To be fair, Goldman's risk taking is excellent, but their tech stack in 2026 is so mediocre.

Maybe this site should restrict the use of Claude to write its articles.

"Ueno!"

er, I mean: "Oh, no!"

Who would have thought that having experience would matter in software engineering as well... Just like it does for every other field.

It's mind boggling how hard business people keep trying to replace software engineers.

I suspect it might be because it's a real skill which businesses depend on so this makes engineers hard to replace and gives them more leverage to push back on unethical business conduct. If you're a manager, your value lies entirely in your ability to stay aligned with business objectives and to align others with those objectives. You have no value besides that hence you have zero leverage to push back on anything which stands in the way of those objectives, including ethics. Engineers have some leverage and hence they can push back a fair bit without putting themselves in the firing line but that makes them a problem for leaders of the organization.

Compare that to an HR manager; they can't lift their pinky finger if it doesn't align with business objectives; even a slight hint of doing so would immediately put them in the firing line because alignment is almost 100% of the job.

From the article: They are only pulling it from bankers and traders and only in Hong Kong. This isn't as big of a news as the title makes it seem. Engineers still get to use Claude Code and other AI coding tools, nothing to see here folks.

Giving a coding tool to a non engineer is like giving a chainsaw to a 5 year old. You just don't do that.

Just on another thread today or yesterday we have a Claude code developer saying “permissions are old hat”… so not shocking that a business with real infosec concerns would dial back on the product.

The anti-AI movement is gaining grounds every day! \o/

AI skynet has not yet won.

Nice that the header image is AI slop where one of the bankers has an arm coming out of his back. Helps drive home the message.

Claude Code and the entire harness has actually evolved really great but the biggest risk is of the real sensitive data leaking to the hosted LLM elsewhere out which is not under the direct control of the bank in itself, though how much ever gaurdrails or content filters can be put in, any inline system performing full inline scanning of the request and response payloads will add to the TTFT and TPOT of the Inferencing.

The right way is to move to hosted models which are completely airgapped sovereign AI Factories and thats when AI can be extremely glorious. Thats how the Indian and EU Ecosystems are evolving to

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My wife is an MD and I got her using Claude Code for all sorts of tasks adjacent to but not actually generating code that will be used by others. I am quite sure Claude is writing code to accomplish the tasks she asks for, but she doesn't really know or care about that. She also uses Claude for family stuff, she had Claude build us a packing list artifact that helps us pack for our family vacations, and he now manages our address book, friends birthdays, an other family administrivia.

Claude writes code just fine, and can create shareable "artifacts" that may have full backends, databases etc.

Claude Code is a poor fit for non-engineers, it carries a lot of features, vernacular, and patterns that don't make sense to people that don't code.

So I don't think this means much? All of the coding functionality a non-engineer could want is still available, just no need to switch to a different tab in the Claude app (or even worse the terminal).