A spokesman for Goldman Sachs didn't immediately return a call for comment.
Goldman Sachs Group chief executive officer Lloyd Blankfein plans to step down as soon as the end of this year, the Wall Street Journal reported.
Blankfein, 63, has steered the USA investment bank for almost 12 years, outlasting calls for his departure in the aftermath of the 2007-2009 financial crisis and staying in the job even as he battled cancer.
It was under Blankfein that Goldman was tagged with the infamous "Vampire squid" moniker, thanks to a 2010 Rolling Stone piece - a nickname that the bank has never been able to shake.
Blankfein, the son of a postal worker who grew up in a Brooklyn housing project, has become a billionaire from his Goldman Sachs career.
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The period after the financial crisis saw Goldman try to reinvent itself, including once rebranding the bank as a "technology company".
Blanknfein, the longest serving CEO at Goldman, succeeded Henry Paulson in 2006, who left to serve as Secretary of the Treasury.
Following the 2008 crisis, Blankfein became the poster child for Wall Street's role in fueling the meltdown.
Mike Mayo, a bank analyst at Wells Fargo & Co., said the bank has four good contenders as CEO a year from now. During the second quarter in 2017, the bank's bond, commodities, currencies business dropped 40 percent, even as other banks ate their lunch.