Goldman Sachs announces biggest loss since 1999

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Goldman Sachs announces biggest loss since 1999

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12-17-2008, 03:23 AM

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Goldman Sachs announces biggest loss since 1999

Former investment bank, Goldman Sachs has reported its first loss since it floated almost a decade ago. The bank said that losses during the three months to the end of November hit $2.12 billion (£1.41 billion). However, the loss was still less than the market expected and shares gained 4%. As a consequence of the loss, Goldman [...]

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