What you need to know on Wall Street today

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Wall Street was abuzz this week with Goldman Sachs bankers and rival financiers questioning what was behind the firm’s Monday announcement that securities division coheads Pablo Salame and Isabelle Ealet would be leaving the bank in June.

We spoke with more than half a dozen Goldman Sachs partners past and present, as well as close confidants to current partners, to understand what happened and what it means for the firm going forward.

Here’s our story: Inside the shakeup at the top of Goldman Sachs’ trading division — and what it means about the future of the firm. 

In deal news, PayPal is buying the Swedish card-reading startup iZettle for $2.

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