Goldman shows continued strength in ECM

Goldman Sachs continues to strengthen its lead in stock flotations and offerings after it posted a 21% rise in underwriting revenue to $648m (€462m) for the third quarter.

The gains in underwriting were just a part of the 29% rise in third quarter revenue for the investment bank. Goldman earned $824m for the period, up from $638m for the same period last year.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire