The economy is tanking across the country, bringing layoffs and bankruptcies. But the richest sliver of the U.S. continues to do well. Goldman Sachs says it brought in revenue of $13.3 billion — up 41% from a year ago.
More so than other big banks, Goldman Sachs depends on stock and bond trading to make money, and the financial markets were the place to be in the second quarter.More so than other big banks, Goldman Sachs depends on stock and bond trading to make money, and the financial markets were the place to be in the second quarter.The economy is tanking across the country, with layoffs and bankruptcies as far as the eye can see. But the richest sliver of the country continues to do quite well, thank you.
While other banks are warning about rising loan losses during the recession, Goldman, which tends to serve a higher-end clientele, is sounding a pretty optimistic note., bringing in revenue of $13.3 billion, up 41% from a year ago — and its second-highest quarterly revenues ever.
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