The report stated that Goldman will combine its investment banking and trading businesses into one unit, whereas merging asset and wealth administration into one other
The report stated that Goldman will combine its investment banking and trading businesses into one unit, whereas merging asset and wealth administration into one other
Goldman Sachs Group Inc plans to fold its largest businesses into three divisions, the Wall Street Journal reported on Sunday, citing individuals acquainted with the matter.
Undertaking considered one of largest reshuffles within the Wall Street agency’s historical past, Goldman will combine its investment banking and trading businesses into one unit, whereas merging asset and wealth administration into one other, the report stated.
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Marcus, Goldman’s consumer-banking arm, might be part of the asset and wealth administration unit, the report added.
