Goldman’s Corporate Loans, Balance Sheet Investments Eat Away at Profits

Reuters, Apr. 15, 2020–Anirban Sen, Elizabeth Dilts Marshall
Goldman Sachs Group Inc’s quarterly profit nearly halved, as it set aside more money to cover for corporate loans expected to go bust in the coming months and booked heavy losses on its debt and equity investments.
https://www.reuters.com/article/us-goldman-sachs-results/goldmans-corporate-loans-balance-sheet-investments-eat-away-at-profits-idUSKCN21X1M1