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Blankfein Says He’s Confident Goldman Will Fix Trading Woes

  • Bank must make changes to its product and client mix, CEO says
  • Blankfein also discussed Volcker Rule, regulatory sentiment
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Lloyd Blankfein, chairman and chief executive officer at Goldman Sachs Group Inc., discusses the issues the bank has faced in FICC trading and what they are doing to remedy the situation. He speaks with Bloomberg's Alix Steel on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)

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Lloyd Blankfein says he knows how to fix Goldman Sachs Group Inc.’s fixed-income business, and he’s not panicking.

“Believe me, none of us are hysterical about this, but we’re focused on it,” the New York-based bank’s chief executive officer said Wednesday in a Bloomberg Television interview. “We underperformed, we know what we have to do, and we’re doing it. It’s an execution matter for us, and guess what, that’s what we do.”