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Goldman Sachs tries to address 'misunderstanding' about murky business line that tanked last quarter
Posted on: Nov. 19, 2015, 9:30 a.m.
One part of Goldman Sachs' business got hammered in the third quarter, and people have been asking questions about it ever since. The bank's investing-and-lending business line saw a 60% drop in revenue in the third quarter. No other firm on Wall Street has an I&L reporting segment, and on a conference call following the earnings release, it dominated the question-and-answer session with analysts. Full investment news article