Goldman profit plunges 70 pct amid market slump

Goldman Sachs Group CEO Lloyd BlankfeinNEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) said quarterly profit plunged 70 percent as the worst market slump in decades led to weaker-than-expected revenues, knocking the stock to its lowest level in nearly three years.Still, the larger of the two major U.S. investment banks still standing, beat profit [...] continue reading world news