Goldman Sachs profits hit by Trump tax overhaul – but banks set to win in long run

• Goldman Sachs announces first quarterly loss in six years
• Bank posted $1.93bn loss after $4.4bn charge related to new law

Goldman Sachs announced its first quarterly loss in six years on Wednesday as a one-off hit from the Trump administration’s tax overhaul wiped out profits.

Related: Sanders attacks tax plan as Trump celebrates with friends: 'You all just got a lot richer'

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from US news | The Guardian http://ift.tt/2mSl6mr
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