BUSINESS
03/28/2008 02:45 am ET | Updated May 25, 2011

Goldman Sachs Not Expecting Big Write-Downs

Goldman Sachs Group does not expect to take any significant asset write-downs, its chief executive said Tuesday, even as the rest of Wall Street posts billions in losses related to the ongoing credit crunch.

Asked if he expected significant write downs, CEO Lloyd Blankfein offered a one-word answer: "No."

"We're convinced we have a pretty good grip on these valuations," Blankfein said at the Merrill Lynch Banking & Financial Services Conference.

Read more on Reuters Via CNBC