The Wall St Journal reports that Goldman Sachs Group Inc. posted its first loss in Asia since 2008, partly due to losses on its investment in the Industrial & Commercial Bank of China Ltd. as stock markets declined around the region in 2011.
According to a filing to the Securities and Exchange Commission in the U.S. on Feb. 28, the investment bank posted a net loss of $103 million in Asia for the year ended December 2011, after posting a $2.1 billion net profit the previous year. Revenue also ...
Find out more at http://online.wsj.com/article/SB10001424052970203370604577264310519119758.html?mod=WSJ_business_whatsNews
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