NEW YORK: Goldman Sachs reported a drop in first-quarter earnings on declines in its trading business and as it set aside more funds for bad loans in its growing consumer business.
Market conditions improved from the prior quarter, but volatility was low, crimping activity, the investment bank said. Goldman, which has ramped up its consumer lending business through its online savings accounts, credit cards and other ventures, set aside US$224 million for credit losses.
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Ex-prime minister blames Felda losses on weak palm oil pricesPETALING JAYA: Datuk Seri Najib Razak has claimed that Felda is suffering from losses because palm oil prices have dipped below production cost, and not because of an investment in Indonesia-based PT Eagle High Plantations TBK (EHP). Order to buy value with 300%. Now blames weak palm oils price.. why not survey or study future palm oil prices? Just think about own pocket and handbag for your beloved wife, my dear bossku NajibRazak ? How did Felda lose ALL their 2012 $10bil IPO money and now be in $12bil debt .. making a total of $22bil gone is less than 6 years ? NajibRazak Blah blah blah.
Source: staronline - 🏆 4. / 75 Read more »