and reined in its ambitions. The pullback on costs could help the bank to meet its efficiency targets.
Observers will focus on his plans to decrease Goldman's reliance on trading and investment banking, which can be whipsawed by market volatility.that weighed on profits last year. After a solid performance in recent years, Goldman's markets division could weaken in the short-to-medium term because "trading is a wild card," he said.
The masters of the universe made missteps? Hard to image they miss anything from atop their ivory tower.
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