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Goldman Sachs profit halves on mounting loan loss provisions

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Home Blogs > Business
Apr 15 '20 | By oiam2companyadmin | Views: 49 | Comments: 0

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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.
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Source: https://www.reuters.com/article/us-goldman-sachs-results/goldman-sachs-profit-halves-on-mounting-loan-loss-provisions-idUSKCN21X1M1?feedType=RSS&feedName=businessNews

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