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AI Coding AssistantsAI Business & IndustryTHE DECODERPublished: Nov 3, 2026, 06:01 JST

Goldman Sachs cuts Claude Code access for traders, bankers

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Goldman Sachs cuts Claude Code access for traders, bankers

3 Key Points

  1. What happened

    Per Bloomberg, internal guidelines from October restrict Anthropic's Claude Code and Microsoft's GitHub to engineers; traders and bankers who spent months using them are cut off, reportedly causing frustration.

  2. Why it matters

    The move ends a months-long experiment where non-engineers built quick AI prototypes, and Goldman now says only staff best suited to leverage the tools long-term will keep access, citing productivity and risk management.

WHO IT HITSTraders and bankers at Goldman Sachs who had been using AI coding tools for prototyping and content creation lose access, while engineers retain it; similar firms experimenting with non-technical AI use may face internal pushback.

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Context & Analysis

Goldman Sachs' decision marks a sharp reversal from its earlier stance. In July, CIO Marco Argenti publicly praised 'vibe coding' by non-technical staff, describing how a trader or asset management employee could build a quick AI prototype and hand it off to an engineer for production. That approach is now being scaled back.

The bank's spokesperson said the experimentation phase is over and that access is now limited to people 'who are best suited to leverage them for the long term.' The cited factors — productivity and risk management — suggest Goldman is weighing the benefits of broad AI tool access against the risks of unvetted use by non-engineers.

The rollback is reportedly causing frustration internally, highlighting the tension firms face as they try to balance innovation with control. Only engineers can still use the advanced tools, per internal guidelines from October.

FAQ
Which AI tools did Goldman Sachs restrict?
Goldman Sachs restricted Anthropic's Claude Code and Microsoft's GitHub, allowing only engineers to use them, according to Bloomberg.
Why did Goldman Sachs limit access to these tools?
A Goldman spokesperson cited 'a variety of factors including productivity and risk management' and said the experimentation phase is over.
How did Goldman Sachs employees react to the change?
The rollback is reportedly causing frustration inside the firm, according to Bloomberg.
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Also reported by Top Companies AI

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