Goldman Cuts Costs, Boosts Dividend

Oct. 17 (Bloomberg) -- Goldman Sachs, the world’s most profitable securities firm before the financial crisis, said earnings were little changed as the bank cut costs in response to a 20 percent drop in revenue. Scarlet Fu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Former Yellen Adviser Says Recession a ‘Live Possibility’
01:49 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. Andrew Levin, an economics professor at Dartmouth College in Hanover, New Hampshire, and a former policy adviser to Yellen when she was the Fed vice chair, speaks to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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