business / news / / The Manila Times
Goldman Sachs' rates business suffered losses on some positions towards the end of the last quarter.
Goldman Sachs' rates business suffered end-of-quarter losses due to Iran-related fixed-income volatility.
KEY POINTS
- The specific cause of Goldman's FICC weakness was not public before, only now attributed to maker positions.
- Goldman's FICC revenue dropped 10%, while JPMorgan, Citigroup, and Morgan Stanley saw significant fixed-income gains.
- Analysts suggest repeated similar quarters for Goldman could raise deeper concerns about their FICC strategy.
COMPANIES
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