UPDATE 1-Goldman Sachs profit halves on higher loan loss provisions, investment hit
Goldman Sachs Group Inc reported
a 49% drop in quarterly profit on Wednesday, as it set aside
significantly higher provisions related to corporate loans due
to the impact of COVID-19 and booked heavy losses on its debt
and equity investments.
a 49% drop in quarterly profit on Wednesday, as it set aside
significantly higher provisions related to corporate loans due
to the impact of COVID-19 and booked heavy losses on its debt
and equity investments.
Posted by Reuters
