Goldman quarterly profits more than double to $1.93bn

Profits climbed to $1.93bn (£1.28bn), from $962m in the same period last year, while revenues rose from $6.6bn to $8.6bn... revenues at Goldman Sachs' investment banking division climbed 29pc to $1.55bn, after a surge in the amount of leveraged deals across the industry fuelled a jump in debt-underwriting. The company worked on some major deals during the period, including the Siemens' controversial £1.7bn takeover of Invensys Rail, and News Corporation's split into two different companies.