Goldman posts first quarterly loss in six years on tax hit; trading slumps

(Reuters) - Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in trading.Goldman and rivals have faced weaker trading markets but the bank has suffered the most because its fixed income, commodities and currency unit (FICC) continues to weigh on results.

The unit had a 50 percent drop in revenue - its worst quarter since the financial crisis.FICC revenue was hurt by lower.

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