Revenues for Goldman Sachs’ investment management division – which includes private wealth management – dropped 18% year-on-year (YOY), even as the bank’s overall earnings beat expectations at the year’s midway point. Second quarter net revenues for investment management reached US$1.353 billion, up 1% from the previous quarter (US$1.345 billion) but substantially down from a year earlier, when revenues reached US$1,648…
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