In the Margins

Goldman reports high quarterly profits

January 18, 2017

By Reuters

Goldman Sachs Group reported a nearly fourfold rise in quarterly profit on Wednesday, attributable to a surge in bond trading revenue, and business has remained strong in the first few weeks of 2017. "We've come out of a very low-volume, low-volatility environment over a number of years,"  CFO Harvey Schwartz said. "With the shifting policies around the globe, it's an extraordinary catalyst." Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...

10 Things
10 Women...who chair the Audit Committee

The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...