The New York Times
Monday, April 13, 2009 -- 4:36 PM ET
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Goldman Posts Profit and Will Raise $5 Billion
Goldman Sachs confirmed on Monday that it would raise $5
billion through a stock offering to help pay back government
rescue funds, as it posted a $1.8 billion profit for its
first quarter.
In a statement, Goldman said: "After the completion of the
stress assessment, if permitted by our supervisors and if
supported by the results of the stress assessment, Goldman
Sachs would like to use the capital raised plus additional
resources to redeem all of the TARP capital."
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