NEW YORK, April 19 Goldman Sachs Group Inc’s profit fell 19 per cent as dealmaking and bond trading slumped in the first quarter and it lost money on the sale of some assets.
Like Silicon Valley Bank, the company holds billions in bonds that have declined in value. But it has access to billions in cash, if needed, analysts say, and is much more diversified.
(Reuters) - Apollo Global Management Inc has been telling investors and analysts in the last few days that its reinsurance business Athene does not face the risk of a run on its annuities akin to how deposits fled some U.S. regional banks. | 06:03am