US bank Goldman Sachs has announced its profit has almost doubled - as a new investigation is launched into fraud allegations.
The bank reported net earnings of $US3.46 billion for the three months to March, up from $US1.8 billion a year ago.
Goldman also revealed that it paid its employees about $US5.5 billion in compensation, equivalent to 43% of its revenue.
Earlier, Britain's Financial Services Authority (FSA) announced a formal enforcement investigation into the bank regarding recent fraud allegations.
On Friday, US regulators issued civil charges against Goldman, alleging it failed to disclose conflicts of interest during the marketing of sub-prime mortgages in which investors lost $US1 billion.
