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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