Goldman Sachs posts first quarterly loss since going public

12/17/2008 | Financial Times (free content)

Goldman Sachs, which recently converted into a bank holding company, reported a fourth-quarter loss of $2.12 billion. "Our results for the fourth quarter reflect extraordinarily difficult operating conditions, including a sharp decline in values across virtually every asset class," said CEO Lloyd Blankfein, who, along with other top executives, will not receive a bonus this year.

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