World, As Seen from the most beautiful islands: Ireland and Cyprus

Goldman Sachs posted $10.8 billion in profits

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The US business bank Goldman Sachs benefited from the increased activity on the financial markets in the third quarter. The bank’s trading branch did a good job with this, as did, for example, the management of stock declarations and stock exchanges.

All this led to $ 10.8 billion in profits. That’s almost a third more than in the third quarter of last year. Goldman Sachs set aside $ 278 million last year for possible bad loans, which is about the amount of one year ago. In the second quarter of this year, the bank made a further provision of 1.6 billion dollars.

Below the line, Goldman Sachs left us $ 3.6 billion. Last year, it was $ 1.9 billion in the same period.


Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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