August 10th in City News, Goldman Sachs by Editor .
Goldman’s $100m losing streak
Actually it’s worse than that – they exceeded $100 million in trading losses on three days during the period ended 30 June…
Goldman traders lost money on 10 separate days during the second quarter, the bank disclosed on Monday in an SEC filing.
On three occasions, they posted shortfalls of at least $100m.
But don’t worry, the bank still made money – lots of it – Goldman earned at least $100m on 17 days and reported revenue of $6.55bn from its trading and principal investing businesses during the second quarter.
It’s just not as good as the Goldman’s (and JP Morgan’s) unblemished first quarter – no losing days.
