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Goldman Sachs registers first loss in six years

US investment bank Goldman Sachs has posted its first quarterly loss in six years amid continued troubles in its trading business.
 
The firm lost US$1.9 billion in the last three months of 2017, as revenue slumped four per cent from the prior year.
 
It also reported a one-time tax charge of $4.4 billion, making it the latest major bank to take a hit from changes in the US code.
 
Bank of America also reported a $2.9 billion tax charge but overall profits climbed.


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