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Breakingviews – Goldman has its fingers in the wrong pies
Breakingviews - Goldman has its fingers in the wrong pies,Rising interest rates have been a gift to big U.S. banks – except Goldman Sachs . The Wall Street firm reported a 5% year-on-year drop in revenue on Tuesday, as trading and investment banking fees sagged from their levels a year ago. Boss David Solomon is reshaping the firm, but for now Goldman has to earn its money the hard way.

Breakingviews – Goldman has its fingers in the wrong pies

Rising interest rates have been a gift to big U.S. banks – except Goldman Sachs . The Wall Street firm reported a 5% year-on-year drop in revenue on Tuesday, as trading and investment banking fees sagged from their levels a year ago. Boss David Solomon is reshaping the firm, but for now Goldman has to earn its money the hard way.