Goldman Sachs Profits Slide 82pc After UK Bonus Tax, Record US Fine

The Wall Street investment bank was also hit by a slump in client activity, as companies and investors chose to stay away from the markets amid concerns about the economic and regulatory climate.

As a result, Goldman, which still managed to set aside a $3.8bn pay and bonus pot, produced a profit after tax of $813m in the three months to June, down from $3.44bn in the same period last year.'

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