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Goldman Reveals Details of $5 Billion of Crisis Losses, FT Says

Goldman Sachs Group Inc. has released for the first time details of about $5 billion of investment losses it suffered during the financial crisis, the Financial Times reported.

The figures, issued as part of internal reforms undertaken to placate the bank’s critics, show that Goldman suffered losses of $13.5 billion from investing and lending with its own funds in 2008, the newspaper said.