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US Bank Goldman Sachs announced on Thursday that it profited $3.19bn for the period July to September 2009, almost quadrupled its profits compared to the period July to September 2008. Goldman Sachs also set aside $5.35bn to cover pay and bonuses for the quarter.
In a report by ITN on July 2009 Goldman Sachs also made huge profit for the second quarter. It was mentioned in this report that Goldman Sachs accepted £6.1 billion of taxpayer bail-out cash and benefited from a host of other US government programmes. [cnn.com, bbc.co.uk and itn.co.uk]
Read the full story with video, Goldman Sachs profits crush estimates, at the CNN site.
Read the full story, US banks’ profits beat forecasts, at the BBC site.
Read the full story, Bailed-out Goldman makes huge profit, at the ITN site.
