Reuters report on bond trading at Goldman Sachs, citing people familiar with the matter
- GS will detail plans to turn around performance at its core bond-trading unit next month
- Following pressure from large investors frustrated by vague explanations of its troubles
- Last month Goldman reported a 40-percent decline in bond-trading revenue
- Executives have been meeting privately with investors and analysts to assuage concerns, the sources said
- The executives have explained how Goldman is trying to get investment bankers and traders to generate more revenue by working more closely together, sources familiar with the conversations said
Full Reuters piece is here