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Financial tsunami swamps the world

September 17, 2008

Goldman Sachs, one of the two largest US brokerage firms, announced a third-quarter earnings drop of 70 per cent in the midst of one of the worst market slumps in US history.

Image: A man walks past the headquarters of Goldman Sachs Group, Inc at 85 Broad St. in New York City. | Photograph: Mario Tama/Getty Images

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