Goldman posts smallest profit in four years after bond settlement

January 20, 2016 3:17 PM

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Goldman posts smallest profit in four years after bond settlement

Goldman Sachs Group Inc reported its smallest quarterly profit in more than four years as a $5 billion settlement of crisis-era legal claims added pain to an already tough three months.

Like other banks, Goldman had a rough year as oil prices plummeted, concerns about China's economy intensified, and nervousness about the timing and pace of U.S. interest rate increases weighed on credit markets.

Also read: U.S. court dismisses $3 billion suit against Deutsche Bank by Jewish family heirs

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