AOL Television

Trading Revenue Drops at Goldman

  • Aired: 1/17/2013
    • Length:
    • Plays: ???
Synopsis >

All that talk over the Fed's tapering in the summer led Goldman Sachs' fixed income trading revenue to plunge more than 40 percent. That's the investment bank's big money maker, so its quarterly net revenue fell 20 percent, deeply disappointing Wall Street. Goldman CEO Lloyd Blankfein blamed the results on what he called 'slow client activity.'

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