Executive Travel
Goldman profit plunges on weak bond trading, legal provisions
Goldman Sachs Group Inc reported its smallest quarterly profit in nearly four years on Thursday as litigation provisions soared and investors pulled back from bond trading. The bank said it set aside $1.45 billion for mortgage-related legal costs and regulatory matters, up from $284 million a year earlier, reducing earnings…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Reuters