Goldman Sachs trims risk-taking to lowest level in seven years

To the lowest level in seven years the Gold Man trims to risk taking. Goldman Sachs Group Inc reduced its risk-taking for a third straight year with potential losses from trading positions. According to U.S. Securities and Exchange Commission the wall Street bank’s average daily value at risk last year was $86 million down 24 percent from the preceding year. Goldman’s risk-taking in 2012 was at the lowest level since 2005. There was a change made which is partly due to three year volatility time frame no longer includes market swings from 2008 and 2009.

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Goldman Sachs trims risk-taking to lowest level in seven years