Goldman Sachs profit halves on mounting loan loss provisions
Goldman Sachs Group Inc reported
a 49% fall in quarterly profit on Wednesday, as the bank put
aside nearly $1 billion to meet future loan defaults and booked
heavy losses on its debt and equity investments.
a 49% fall in quarterly profit on Wednesday, as the bank put
aside nearly $1 billion to meet future loan defaults and booked
heavy losses on its debt and equity investments.
Posted by Reuters
