U.S. Stock Market News | Banking stocks decline, Goldman Sachs falls more than 4%
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On Tuesday, US bank stocks fell. As of the time of publication, Goldman Sachs dropped more than 4%, Barclays dropped more than 3.6%, Morgan Stanley dropped more than 3.4%, Citigroup dropped more than 2.5%, and JP Morgan Chase dropped more than 1.7%. On the news front, sources revealed that Goldman Sachs plans to lay off more than 1,300 employees globally as part of an initiative to eliminate low-performing staff. This round of layoffs is expected to account for 3% to 4% of Goldman Sachs' total workforce in 2024
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