UPDATE 2-Goldman’s corporate loans, balance sheet investments eat away at profits
Goldman Sachs Group Inc’s
quarterly profit nearly halved, as it set aside more money to
cover for corporate loans expected to go bust in the coming
months and booked heavy losses on its debt and equity
investments.
quarterly profit nearly halved, as it set aside more money to
cover for corporate loans expected to go bust in the coming
months and booked heavy losses on its debt and equity
investments.
Posted by Reuters
