Goldman Sachs Q2 earnings drop 67% on $1.5 bn legal charge

GMT 12:02 2015 Thursday ,16 July

Arab Today, arab today Goldman Sachs Q2 earnings drop 67% on $1.5 bn legal charge

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New York - Arab Today

Goldman Sachs reported a big drop in second-quarter earnings Thursday on mixed results in operations and a large jump in legal and regulatory costs.

Earnings for the second quarter were $916 million, down 67 percent from the year-ago period. The investment bank had $1.5 billion in legal and regulatory costs, up from $284 million last year.

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