Goldman Sachs told its employees on Tuesday that it planned to relax its dress code. In an internal memo, executives said they would adopt a ‘flexible’ dress code in keeping with the times. It’s the latest attempt by a Wall Street firm to cater to the young workers it tries to recruit. JP Morgan, a top competitor, made the leap to business casual nearly three years ago. “We want all of our clients to feel comfortable with and confident in our team, so please dress in a manner that is consistent with your clients’ expectations,” Goldman executives said in the memo. But efforts to embrace casual dress have been met with caution, as bankers fear being viewed as slackers for how they dress. Indeed, the memo itself urged some restraint. “Of course, casual dress is not appropriate every day and for every interaction,” they wrote in the memo. “We trust you will consistently exercise good judgment in this regard.”

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