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NEW YORK — Goldman Sachs, bracing for what could be one of its worst quarters since it went public 12 years ago, is preparing to expand its cost-cutting by hundreds of millions of dollars, a move that could lead to additional job losses at the Wall Street bank.

With its third quarter closing Friday, Goldman could raise cuts from $1.2 billion to as much as $1.45 billion — about a 5 percent hit based on its 2010 spending.

Denver Post staff and wire reports

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