Goldman Sachs reported a rare quarterly loss Wednesday due to a one-time charge associated with US tax reform. Performance across operating division was mixed.

The US investment banking giant reported a fourth-quarter loss of $2.1 billion, compared with a profit of $3.7 billion in the year-ago period. 

The loss was driven by $4.4 billion in one-time charges, mostly due to US tax reform provisions on the repatriation of foreign earnings.

Source: AFP