Cohn Says Banks Other Than Goldman, JPMorgan Retrenching
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Goldman Sachs Group Inc. and JPMorgan Chase & Co. are among the only top banks in the world that aren’t reducing capacity, Goldman Sachs President Gary Cohn said.
“You’re seeing big international banks, outside of ourselves and JPMorgan, really taking a pretty substantial step back from the markets, and we hadn’t seen that in the entire history of banking,” Cohn, 52, told journalists today at Goldman Sachs’s office in Sao Paulo.