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Goldman Sachs Will Explain Trading Strategy

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wochit

Wochit

Following pressure from large investors frustrated by vague explanations of its problems, Goldman Sachs Group will lay out plans to turn around performance at its core bond-trading unit next month. This is a break from tradition, as the bank generally gives its investors little information about how it makes money. That was the case last month, when Goldman reported a 40-percent decline in bond-trading revenue.

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