Goldman Sachs (NYSE:GS) Lost $1.2 Billion in Just Nine Months in Newest Division

Three months later Goldman Sachs Group Inc. created a new division to house what was left of its once ambitious foray into Main Street, giving shareholders a clearer view of those finances.

The collection of businesses – including Goldman’s Apple Card – now grouped under the umbrella of Platform Solutions accumulated more than $1.2 billion in pre-tax losses in the first nine months of last year, with the decline accelerating every quarter.