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Goldman is going to explain its trading strategy after investor pressure

August 30, 2017

Via: CNBC
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Goldman Sachs Group will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters.

The move is a break from tradition at Wall Street’s pre-eminent bank, which usually gives its investors little information about how it makes money.

That was the case last month, when Goldman reported a stunning 40-percent decline in bond-trading revenue, much worse than rivals like Morgan Stanley and JPMorgan Chase & Co.

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