Goldman Sachs posts higher-than-expected loss of $428 million. Quarterly loss is only the second since the firm went public.
Goldman Sachs: The bank's chief financial officer, David Viniar, attributed the poor performance to 'heightened uncertainty surrounding the global economic outlook.'
Goldman Sachs beat analysts income expectations for the three month period just ended. But Goldman Sachs' trading business reached lows that haven't been seen for the last two years.
The Goldman Sachs SEC case, filed Friday, comes as President Obama makes a push for Wall Street reform in Congress.
Despite a $20 billion relationship with AIG, the investment bank says it had the means to protect itself.