Other firms like Goldman Sachs (GS) and Jefferies Group (JEF) derive a meaningful percentage of revenue and profits from principaltransactions and investment management activities.
Other divisions paled in comparison to the success of investment banking, as trading commissions rose slightly and principaltransactions actually declined 38% from the three month period a year ago (ended June 30, 2009).
Doing so would require it to dispense with the practice currently observed in transactions with the Soviet Union, namely providing a loan guarantee for no more than 98 percent of the principal and 4.5 percent of the interest rate.