Skip to content
Business On

Business On

Business Here

Primary Menu
  • Business On
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • Home
  • Goldman Sachs expects over $1.2 bln losses from consumer unit this year – Bloomberg News
  • Business & Finance News

Goldman Sachs expects over $1.2 bln losses from consumer unit this year – Bloomberg News

By Marty Batteen 2 months ago

The logo for Goldman Sachs is witnessed on the investing flooring at the New York Stock Trade (NYSE) in New York Metropolis, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly

Sign-up now for Free unrestricted obtain to Reuters.com

June 28 (Reuters) – Goldman Sachs Team Inc’s (GS.N) interior projections clearly show the bank’s consumer device will record losses of far more than $1.2 billion this calendar year, Bloomberg News noted on Tuesday, citing people with expertise of the make a difference.

The burn off rate in the 2nd quarter is in line with all those forecasts, in accordance to the report. (https://bloom.bg/3OlWnkZ)

A spokesperson for the bank did not instantly answer to a Reuters request for remark.

The losses stem from the addition of new business traces, pandemic results and a surge in costs, the report said, incorporating that the bank will also be pressured to established apart far more provisions for bank loan losses as the financial state sputters.

Wall Street’s premier investment bank has been in the course of action of reshaping by itself and bulking up its buyer banking enterprise in a bid to lessen its reliance on trading and expense banking revenues.

Sign up now for No cost unlimited accessibility to Reuters.com

Reporting by Niket Nishant in Bengaluru Editing by Devika Syamnath

Our Expectations: The Thomson Reuters Rely on Rules.

Tags: Amazon Fba Business, Atlanta Business Chronicle'S, Boss Baby Back In Business, Business Administration Degree, Business Attire Women, Business Card Design, Business Cards Templates, Business Casual Dress, Business Casual Outfits, Business Checking Account, Business Credit Card, Business For Sale Near Me, Business Intelligence Platform, Business Lawyer Near Me, Business Loan Calculator, Business Name Ideas, Business Professional Women, Business Spectrum Login, California Business Entity Search, Capital One Spark Business, Carl Weber'S The Family Business, Charlotte Business Journal, Custom Business Cards, Delaware Business Search, Fl Sos Business Search, Florida Business Search, Harvard Business Publishing, Insurance For Small Business, Kelley School Of Business, Maryland Business Express, Maryland Business Search, Moo Business Cards, National Business Furniture, New York Business Search, Ohio Business Gateway, Onedrive For Business, Online Business Ideas, Paramore Misery Business, Risky Business Cast, Small Business Insurance, Spectrum Business Customer Service, Tom Cruise Risky Business, Us Small Business Administration, Verizon Wireless Business, Verizon Wireless Business Login, Virtual Business Address, What Is Business Administration, Women'S Business Casual, Yelp Business Login, Yelp For Business

Continue Reading

Previous Tozzi Center at UM business school gets $1.5 million alum pledge
Next Smart Money Podcast: Small-Business Inflation, and Sign-Up Bonuses | Personal-finance

Recent Posts

  • Buy Now Pay Later Electronics
  • Small business owners on the edge of COVID-19 wait years for help |
  • How to create back-to-school guides to drive traffic to your blog or website
  • How to Start Marketing Your Business on the Metaverse
  • 4 Hybrid Work Initiatives to Keep Your Business On Track

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • December 2016

Categories

  • Business
  • Business & Finance
  • Business & Finance News
  • Business News
  • Business On
  • Small Business

visit now

Example
Intellifluence Trusted Blogger

backlinks

textlinks

buildinglink.buybacklinks.online/agence-seo 

bestwindshieldwipers2019.xyz © All rights reserved. | Magazine 7 by AF themes.