Goldman Sachs (GS) CEO Lloyd Blankfein Demands Deepest Cut In Years, Report Says

Goldman Sachs Group Inc.’s CEO is planning for the company's most aggressive downsizing effort in years to dial back costs amid a global slump in trading, a Bloomberg report said Friday, citing sources familiar with the matter. The latest push to cut costs will be the bank’s deepest since 2011, the report said. The news followed CEO Lloyd Blankfein’s announcement earlier in February that signaled further cost cuts at the American bank as it needed to “do a lot more on the cost...

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