Goldman Sachs Bans Investment Banking Interns From Working Past Midnight

— -- Goldman Sachs is telling some of its interns that they are no longer allowed to burn the midnight oil poring over spreadsheets and making PowerPoint presentations.

The financial services company told its investment banking summer interns earlier this month that they are banned from working between midnight and 7 a.m. during the week, bank spokesman Michael DuVally told ABC News.

The news of the shortened hours was first reported by Reuters.

Goldman Sachs Group has 2,900 interns globally, but the ban on overnight toil affects only summer investment banking interns, DuVally said, while declining to specify how many interns would be affected by the edict.

Competitive Wall Street summer internships are typically given to college juniors who become analysts, and business school students who become associates.

In October 2013, Goldman Sachs began encouraging junior employees to limit their hours and to work less on weekends. The move followed the death of a 21-year old Bank of America intern in London in August that year who died of natural causes, it was later revealed.

In January 2014, Bank of America joined Goldman Sachs and JPMorgan Chase in limiting the hours that junior bankers worked.