Goldman Sachs Group Inc. is warning investors of a sharp slowdown in its investment bank from the bumper gains a year ago, as the bank hunkers down in the face of an “extraordinarily challenging” economic backdrop.
“We are now embarking on additional targeted action with our headcount,” Goldman President John Waldron said Thursday at a conference hosted by AllianceBernstein Holding LP. “We are preparing for a tougher environment.”
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