Strong forex fails to cover fixed-income losses in Q4

- By FX Markets Staff
- @FXMarkets_
- 22 Dec 2008

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The fixed-income, currencies and commodities business (FICC) at Goldman Sachs made a net loss of $3.4 billion, collapsing from $3.3 billion in net revenues in the fourth quarter of 2007. The bank said net revenues in currencies and commodities were solid, but lower compared with Q4 2007. Interest rate products were strong and up significantly year on year.

The FICC losses were rooted in investments including corporate debt and private and public equities, and trading in credit products. Goldman

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