Battered by volatile markets and a sharp reduction in trading gains, earnings at Goldman Sachs dropped 83 percent in the second quarter to 78 cents a share, making it the worst quarter for the giant investment bank since the depths of the financial crisis in late 2008. Jb Reed/Bloomberg Goldman Sachs’s headquarters in New York. The investment bank’s quarterly profit was more than the amount it agreed to pay last week to settle a fraud suit brought by the S.E.C.. Add to Portfolio Goldman Sachs...
Full Story: The New York Times
