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. Last Updated: 07/27/2016

Goldman Float Planned

NEW YORK -- Goldman Sachs & Co. said its partners approved a new proposal to take the investment bank public and that the plan's main architect, co-chairman Jon Corzine, would quit the firm after the stock offering.

Goldman's 221 partners on Monday endorsed a plan by the firm's management to revive the initial public offering it axed late last year in the face of market turmoil and bloodied profits.