After promising $1.2B in cost cuts over the summer, sources say Goldman Sachs (GS) is preparing...

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

After promising $1.2B in cost cuts over the summer, sources say Goldman Sachs (GS) is preparing to expand its cost-cutting initiative by "hundreds of millions of dollars" - a move that would likely lead to more job losses. Year-end bonuses and perks are in focus as GS braces for what may be one of its worst quarters as a public company.