Goldman Sachs's Chief Executive Officer Lloyd Blankfein believes the worst of the financial crisis is over, according to comments made in an interview with the BBC at the World Economic Forum in Davos.
Blankfein was as quoted saying: "I think the moment of crisis is over" adding that "The worst worrisome problems that everyone talked about last year seem to be off the table."
On January 16th, the investment bank reported net revenues of $34.16bn and net earnings of $7.48bn for the year ending December 31st.
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Diluted earnings per common share were $14.13 compared with $4.51 for the year ending December 31st 2011.
Return on average common shareholders' equity was 10.7% for 2012.
MF
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