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 washingtonpost.com]
Watch the video, Goldman Sachs gives bonuses, at the CNN site.
Read the full story, Goldman Sachs: Your tax dollars, their big bonuses, at the CNNMoney site.
Read the full story, US banks’ profits beat forecasts, at the BBC site.
Read the full story, Bailed-Out Banks Raking In Big Profits, at the Washington Post site.