News In Brief

A profit at Goldman Sachs?

Kai Ryssdal Oct 19, 2010

A final note on the way out this afternoon. We started today with Bank of America’s earnings. The country’s biggest bank has set aside more than 5 billion dollars to guard against credit losses.

What we didn’t mention is that Goldman Sachs reported profits today too — with its own set-aside.

$3.8 billion.

Theirs is for compensation, though.

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