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The Deal Room: Goldman's profit tanks, Man U slumps & Birkenflops!
Description
Goldman Sachs reported a 36% drop in third-quarter profits, the bank’s eighth straight quarter of falling earnings BUT eked out a year-on-year increase in investment banking revenues for the first time in almost two years.
Should DJ Sol be hanging up more than his decks? Or is this an effective pivot from the US investment bank which is now over the worst?
Meanwhile, shares in Manchester United slumped after the Qatari group withdrew from their 100% bid for the football club and we review what Birken'flop' means for the IPO market going forward.
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