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Goldman Sachs reported a jump in fourth-quarter profits Tuesday as a surge in revenues for equity trading offset weaknesses in other areas, including merger advising revenues.Goldman Sachs' revenues tied to equity trading surged 26 percent in the quarter, while the banks own holdings in public equities also enjoyed a hefty increase during a heady period for US stocks.
Days after billionaire businessman, Femi Otedola, bought about a five per cent stake in Transnational Corporation Plc earlier in the year, the chairman of the group, Tony Elumelu, stated that it was a boost to have an active local investor community.
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