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PPP KINGDOM

GOLDMAN SACHS TRADERS LOST MONEY 15 DAYS IN SECOND QUARTER, MOST SINCE ’08

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Goldman Sachs Group, the US bank that makes more than half its revenue from trading, lost money in that business on 15 days during the second quarter, the most daily losses since the fourth quarter of 2008.

https://i0.wp.com/images.businessweek.com/mz/10/15/600/1015_mz_32goldman.jpg

Goldman Sachs Chief Executive Blankfein (Chip Somodevilla/Getty Images)

The firm’s traders lost more than $100 million on one of the days, according to the New York-based company’s quarterly filing with the Securities and Exchange Commission. They generated more than $100 million on four days out of 63 total days, the filing showed. The second quarter ended June 30.

http://www.bloomberg.com/news/2011-08-09/goldman-sachs-traders-lost-money-15-days-in-second-quarter-1-.html

Best Regards,

FINANCIAL WARRIOR

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