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Goldman Sachs Posts Record $3.44 Quarterly Profit

HeadlineJul 15, 2009

The investment bank Goldman Sachs has posted the richest quarterly profit in its 140-year history. On Tuesday, Goldman announced it made $3.44 billion between April and June. The record profits come just one month after Goldman repaid $10 billion of TARP money to the US Treasury, freeing itself from restrictions on year-end bonuses. Last year the firm also received $13 billion as part of the bailout of the failed insurance giant AIG and $28 billion in low-interest loans. We’ll have more on Goldman Sachs later in the broadcast.

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