Finance

Goldman Sachs Sets $30 Billion Repurchase Plan as Buyback Pace Climbs

Photographer: Chris Hondros/Getty Images
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Goldman Sachs Group Inc. approved a new share-repurchase program authorizing as much as $30 billion in stock buybacks without giving a timetable.

The firm, which didn’t set an expiration date for the program, disclosed the authorization in a regulatory filing Friday that also showed the pace of buybacks has accelerated.