Blankfein Says Goldman Sachs Can Boost ROE Without Major Changes
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Goldman Sachs Group Inc., the U.S. bank most reliant on trading, won’t make any “wholesale strategic change” to help improve returns, Chief Executive Officer Lloyd C. Blankfein said.
“While we have generated good relative returns in the last five years, they are hardly aspirational,” Blankfein, 59, said yesterday at an investor conference in New York. “We are committed to improving them regardless of the challenges presented in the current environment.”