Goldman Sachs reports real estate write-downs

Goldman Sachs sign

Source: Shutterstock/ Roman Tiraspolsky

Banking giant Goldman Sachs has reported a $485m (£375m) impairment due to writedowns of its real estate investments, according to the group’s second-quarter earnings.

The figures pointed to the commercial real estate sector as a key contributor to the declining performance of its debt and equity investments, Bloomberg reported.

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