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Goldman Sachs platform solutions business lost $1.2 billion in 9-months

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Goldman Sachs Group Inc disclosed a pretax loss for its newly-created platform solutions business of $1.2 billion for the first nine months of 2022, the bank said in a regulatory filing on Friday.

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kellydisclosed a pretax loss for its newly-created platform solutions business of $1.2 billion for the first nine months of 2022, the bank said in a regulatory filing on Friday.

The platform solutions business posted higher revenue for the first nine months, but also recorded higher provisions for credit losses and operating expenses.

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Looks like cloud based client ecosystems need some fine tuning.

Must've been when George Santos was working there! 🤭🤭

The more the better.

Nederland Laatste Nieuws, Nederland Headlines

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