New regulations cutting into profits, Goldman Sachs (GS) plans to cut $1B in non-compensation...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

New regulations cutting into profits, Goldman Sachs (GS) plans to cut $1B in non-compensation expenses over the coming year, according to a source. Unsure about the end-result of the Dodd-Frank, banks seem certain the days of high ROE are over.