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| Version 6 | Version 7 |
|---|---|
| Profits at Goldman Sachs top $3bn | Profits at Goldman Sachs top $3bn |
| (9 minutes later) | |
| US bank Goldman Sachs has seen its profit for the first quarter of 2010 nearly double. | US bank Goldman Sachs has seen its profit for the first quarter of 2010 nearly double. |
| The bank reported net earnings of $3.46bn (£2.25bn) for the three months to March, up from $1.8bn a year ago. | |
| Goldman also revealed that it paid its employees about $5.5bn in compensation, equivalent to 43% of its revenue. | Goldman also revealed that it paid its employees about $5.5bn in compensation, equivalent to 43% of its revenue. |
| Earlier, the UK's Financial Services Authority announced a formal enforcement investigation into the bank regarding recent fraud allegations. | Earlier, the UK's Financial Services Authority announced a formal enforcement investigation into the bank regarding recent fraud allegations. |