Goldman Sachs' trading operations made money every single business day in the first quarter, a feat that was a first for the bank, but could fuel criticism of its business model and market behaviour.
Goldman's trading desk recorded a profit of at least $25m on all of the first quarter's 63 working days, making more than $100m a day on 35 occasions, a regulatory filing issued yesterday showed.
Goldman's executives said the first quarter trading performance had been due to its robust risk management operations and booming markets in the first three months of 2010.
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