Goldman Sachs bucks trend on legal costs

The New York-based investment bank has cut back on its banking provisions, in marked contrast with several other leading US and UK banking groups.

06 November 2014

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Goldman Sachs says that its ‘reasonably possible aggregate loss’ is now about US$2.5b. That is less than the $3.2b it provided for in August and also less than the $4b it reported a year ago. Source: USA Today