[BR] Goldman Sachs reported record earnings for 2021 on Tuesday on the back of strong M&A activity, but higher spending on workers' compensation and other issues hit fourth-quarter financial results.
The US investment bank's annual profit rose 137% to $21.2 billion, recording an all-time high.
However, fourth-quarter profit fell 13%, compared with the same period last year, to $3.8 billion as results were weighed down by increased costs, including a 31% rise in employee compensation and benefits.
(CNA)
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