Goldman Reveals Details of $5 bln of Crisis Losses
January 14, 2011 at 09:47 AM EST
Goldman Sachs (GS) has revealed for the first time details of about $5 billion of investment losses it suffered during the financial crisis, the Financial Times reported. The figures show that the world’s most powerful investment bank suffered $13.5 billion in losses from “investing and lending” with its own funds in 2008, the newspaper said.
