"Thank God, Goldman Sachs is doing OK."
Goldman Sachs profit hit by weak fixed-income trading
BY ANIL D'SILVA AND LAUREN TARA LACAPRA
Fri Jan 16, 2015 5:50pm EST
(Reuters) - Goldman Sachs Group Inc (GS.N) reported a 7 percent drop in fourth-quarter profit as sharp market moves in December hit its bond-trading business.
Fixed-income trading, long a strength for the bank, came under pressure last year due to stricter capital rules in the aftermath of the financial crisis and relatively calm markets that discouraged clients from trading.
Just when it seemed things were picking up, erratic moves in the market last month, caused by factors ranging from plunging oil prices to worries about Greece, spooked investors again.
more:
http://www.reuters.com/article/2015/01/16/us-goldman-results-idUSKBN0KP1E020150116

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