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More on Goldman Sachs (GS) (previous): Lloyd Blankfein tells an audience the firm is...
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Tuesday, November 13, 2012, 5:11 PM ETMore on Goldman Sachs (GS) (previous): Lloyd Blankfein tells an audience the firm is increasingly focused on becoming the "low-cost" provider for the industry. With technology nearly eliminating profit margins, Goldman plans to make up for it on volume - not good news any traders who haven't already been replaced by machines. More than 20% of firm employees work outside of major financial centers, up from 10% 5 years ago.
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