Goldman pulls in $100m daily
As market conditions improved during the period, it comfortably beat its record of making $100m a day on 34 days in a quarter, set in the previous three months.
The bank also revealed that the US government has grilled Goldman Sachs over its compensation practices and credit derivative instruments.
Goldman said it was cooperating with the requests, which are tied to hot button debates that have captivated Wall Street and Washington.
The government is seeking information about Goldman’s credit default instruments amid a regulatory battle in Washington over such products.
Credit derivatives have been blamed for exacerbating last year’s near collapse of financial markets. Some lawmakers say trading in the instruments should be regulated.
According to the regulatory filing, Goldman’s board has also received several letters from shareholders about compensation.
It said the letters have included demands that the board investigate compensation in recent years, begin recouping what some see as excessive compensation, and consider reforming pay practices.
Last month, Goldman reported robust net earnings of $3.4bn for the second quarter, soon after repaying a $10bn bailout received from the US Treasury’s Troubled Asset Relief Program (Tarp). So far this year Goldman has set aside $11.3bn for compensation.