Goldman Buyback Desk Saw Record Volume in Wednesday Rebound
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Who did the buying as U.S. stocks staged the biggest turnaround in three years? The companies that issued them.
The Goldman Sachs Group Inc. unit that executes share buybacks for clients had its busiest day since 2011 on Wednesday, according to a note from the firm’s corporate agency desk. Based on the value of equities repurchased, volume handled by the bank set a record. The note was confirmed by spokeswoman Tiffany Galvin.