The Wall Street Journal reported that Blankfein is set to step down from his post.
Blankfein steered Goldman through some turbulent times - notably the 2008 financial crisis and the 2010 financial reform bill Dodd-Frank, which was a game changer for banks.
On Monday, Goldman named David Solomon as the sole president and COO of the bank. Co-President Harvey Scwhartz will retire in April.
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