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Banking

Goldman Sachs traders on pace for a record year

Goldman Sachs's traders are on pace for a record year, according to CNBC, which examined how the desk has driven the performance. Coverage attributed the strong run to the bank's trading operations amid volatile markets; the report described the pace as record-setting without detailing full-year figures, which remained dependent on the rest of the year.

Why it matters

A record trading year underscores how market volatility can boost big banks' revenues, even as it unsettles other investors.

Sources

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