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white men losing money

Goldman Sachs Posts a Loss

The investment bank had a worse third quarter than analysts expected, losing $428 million mostly in the investing and lending division, which reported negative revenue of $2.48 billion. Goldman's net revenue of $3.6 billion was down 60 percent year over year and 51 percent from last quarter. Today's numbers mark only the second time the bank has posted a quarterly loss as a public company. [Reuters]

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