Goldman Sachs to Explain Trading Strategy

8/30/17

By Yoel Minkoff, SeekingAlpha

With pressure from large investors, who are frustrated by vague explanations, Goldman Sachs (NYSE:GS) will detail plans next month to turn around performance at its core bond-trading unit.

The bank reported a stunning 40% decline in bond-trading revenue last quarter, much worse than rivals Morgan Stanley and JPMorgan, stating it was having difficulty "navigating" the markets.

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