Goldman pledges 'concrete' expense target after profit decline
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(Reuters) - Goldman Sachs Group Inc will set an expense target at its investor day later this month, management said on Wednesday, after the bank missed Wall Street profit expectations due to inflated costs.A big portion of Goldman's bloated expense line came from setting aside another $1.1 billion (844 million pounds) to cover legal and regulatory costs related to the 1MDB Malaysian corruption scandal.However, Goldman also spent more on compensation, technology, occupancy costs and..