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19 January 2011
Last updated at 08:17 ET
Wall Street firm Goldman Sachs has reported $2.39bn (£1.49bn) net income in the fourth quarter, down by half from a year ago.
The poor result was as expected, and follows similarly weak numbers from rival Citigroup on Tuesday.
As at Citigroup, the investment bank's performance was dragged down by weak business at its fixed income division.
The division is responsible for repackaging client debts, as well as trading bonds and credit derivatives.
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The poor result was as expected, and follows similarly weak numbers from rival Citigroup on Tuesday.
As at Citigroup, the investment bank's performance was dragged down by weak business at its fixed income division.
The division is responsible for repackaging client debts, as well as trading bonds and credit derivatives.
Webmaster Forum | SEO Forum | Coding Forum | Graphics Forum</b>