Goldman Sachs posts 20% revenue fall

Goldman Sachs posts 20% revenue fall (via AFP)

US investment banking titan Goldman Sachs posted Thursday a 2 percent profit fall for the third quarter as revenues dived 20 percent. Goldman, the biggest US bank by assets, said it had third-quarter net earnings of $1.4 billion attributable to shareholders…

Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”

Volatility"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors.  Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More