Profit Goldman Sachs has fallen in II quarter more than in 5 timesthe American bank Goldman Sachs has published today the financial reporting following the results of II quarter of current year. In published the press - release is noticed that the bank net profit has decreased for the accounting period in 5,55 times and has made 613 million dollars, or 82 cents on the action. Year before this indicator has been fixed at level 3,4 mlrd dollars, or 5,27 dollars on the action.
gain Goldman Sachs was reduced following the results of the past quarter to 36 % - to 8,84 mlrd dollars In II quarter of last year the American bank has fixed a gain at level 13,76 mlrd dollars
In a press - release also is underlined that the bank has lost 600 million dollars within the limits of the tax to bonuses in Great Britain, and 550 million dollars more had to pay for settlement of judicial suit under the claim of the American Commission for securities and stock exchanges (SEC). Without these two factors net profit Goldman Sachs could make 2,75 dollars On the action.
we will remind, this year Goldman Sachs it has appeared in the centre of large scandal. In the middle of April the American Commission on securities and stock exchanges (SEC) has brought an action against bank, having accused him of swindle with securities. In the centre of attention of a regulator there was a derivative tool under name Abacus 2007 - AC1, structured by bank and sold to several investors, in particular to Deutsche Bank IKB Deutsche Industriebank and Dutch ABN AMRO.
the Given financial product has been provided by a pool of mortgage papers of a category subprime and has been deduced on the market just when the American sector subprime - mortgages has started to submit first signs of an inevitable collapse. As a result in eight months after sale Abacus to investors the given active almost completely has depreciated - 99 % of the papers entering into a mortgage pool, have faced rating fall. Investors have lost on investments in Abacus nearby 1 mlrd dollars
Goldman Sachs and did not recognise the fault, however has agreed to pay 550 million dollars for settlement of judicial suit. Their this money about 300 million dollars will go on payment of the penalty which has defined SEC, and the remained money will be paid as indemnification of a material damage to clients of bank. Goldman Sachs assured that payment of 550 million dollars will not be reflected in any way in a condition of its finance.