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Monday, February 25, 2013

Market Chatter-Corporate finance press digest, (NYSE: GS)

The following corporate finance-related stories were reported by media on Tuesday: * Goldman Sachs Group Inc will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.* German coalition lawmakers have agreed a draft law that will require traders to get authorisation for high-frequency trading but won't force them to hold investments for minimum periods, a coalition source said.

The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 4.18% or $-6.44/share to $147.65. In the past year, the shares have traded as low as $90.43 and as high as $159.00. On average, 4431280 shares of GS exchange hands on a given day and today's volume is recorded at 6296432.