Profit

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Goldman under pressure, but cost cuts on track

$1 bill Cut by Scissors

Goldman Sachs reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.

Deutsche Bank posts surprise

Deutsche Bank - External

Deutsche Bank posted a surprise profit in the first quarter as legal expenses dropped and the company’s trading businesses performed better than analysts had expected.

RBS CEO expects quarterly loss

RBS building

Royal Bank of Scotland CEO Ross McEwan said the bank probably won’t report a profit in the fourth quarter, citing weak earnings trends in the previous three-month period.

RBS posts unexpected profit

RBS building

Royal Bank of Scotland unexpectedly posted a second-quarter profit as the British government prepares to reduce its stake in the lender, even as it set aside more money for litigation and restructuring.

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$1 bill Cut by Scissors

Goldman under pressure, but cost cuts on track

Goldman Sachs reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.

Deutsche Bank - External

Deutsche Bank posts surprise

Deutsche Bank posted a surprise profit in the first quarter as legal expenses dropped and the company’s trading businesses performed better than analysts had expected.