Goldman Sachs Group Inc. (GS) lost money in Asia last year for
the first time since 2008 as the Wall Street firm’s stock investments
in the region, led by a holding in China’s biggest bank, backfired.
A 46 percent decline in Asia revenue compared with 2010 was driven by
markdowns on the company’s stakes in public equities, the firm disclosed
in its annual 10-K filing with the U.S. Securities and Exchange Commission.
The bank lost $103 million in the region, compared with a $2.08 billion
profit a year earlier, according to the New York-based company.
goldman-s-asia-unit-lost-money-first-time-since-2008-on-soured-stock-bets.html
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There is a subscribe button on the front page. I am going to modify it to enlarge it. Cheers CMR