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Goldman trading bonanza sends revenues to ‘almost indecent’ $13bn as Main Street suffers

Such stellar results are likely to have political ramifications as the overall economy slumps, says one analyst

David Solomon of Goldman Sachs
David Solomon of Goldman Sachs Photo: Getty Images

Goldman Sachs' second-quarter earnings blew analyst expectations away. Investment banking fees hit record highs, while its hulking fixed income unit posted its best three-month period in nine years.

Sales in Goldman's markets division almost doubled, surging 93% to rake in $7.2bn.

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