Goldman Sachs profits drop 36% after pullback from retail banking

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Goldman Sachs has reported a 36 per cent drop in third-quarter profits, the bank’s eighth consecutive quarter of falling earnings, as it grappled with losses following its pullback from retail banking and writedowns on its real estate investments. However, Goldman eked out a year-on-year increase in investment banking revenues for the first time in almost two years in a..