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Goldman Sachs Cancels Party At Davos

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In recent years, Goldman Sachs has been renowned for hosting one of the hottest parties during the World Economic Forum's glittering annual meeting in Davos. No longer.

This year, in a nod to the new mood of sobriety and self-recrimination, the US broker has quietly cancelled its party and sharply reduced its delegation to the event, which starts on Wednesday.

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