Goldman Sachs Details Revenue in Bid to Deflect Criticism

by Hugh Collins on Jan.11, 2011, under Towing

Goldman Sachs Group (GS) published details on how it earns its revenue as it works to deflect criticism that it puts its own profits ahead of client interests.

The 63-page report, released today, breaks down its revenue to show how much comes from its own trading and investing, The Wall Street Journal said.

The bank faced intense criticism from the public in 2010. The bank also had to deal with a…

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Goldman Sachs Details Revenue in Bid to Deflect Criticism originally appeared on DailyFinance on Tue, 11 Jan 2011 09:05:00.

Filed Under: Company News, People, Goldman Sachs , Credit