THE DAILY TELEGRAPH: Goldman Sachs has joined in a much better-than-expected third quarter for Wall Street, raising the prospect its bankers will take home bigger bonuses this year.
The investment bank’s $1.51bn (£936m) profit in the quarter comfortably beat market expectations and compares with a loss of $393m in the same period last year. Bond trading and an increase in the value of some of Goldman’s investments helped drive an increase that follows better than forecast results from rivals Citigroup and JP Morgan. » | Richard Blackden, New York | Tuesday, October 16, 2012
