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Goldman benefits from trading bonanza

Fri, 2009-11-06 16:04 — ABN

Traders at Goldman Sachs recorded only one daily loss in the third quarter, highlighting the trading bonanza sweeping Wall Street as central banks continue to pump billions of dollars into the financial system.

The performance – revealed on Wednesday in a regulatory filing – compares with two losing trading days in the previous quarter and confirms that the authorities’ drive to revive markets after the crisis is yielding huge windfalls for some banks.

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One day of losses? Try that in Vegas and you will be thrown out on your ear. ABN