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-- A state-owned German bank tapped loonie bond investors, potentially encouraging other top-rated issuers to follow suit just as Prime Minister Justin Trudeau’s government mulls canceling Canada’s mortgage bond program.
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Goldman Sachs weighs sale for part of its wealth businessBy Saeed Azhar NEW YORK (Reuters) - Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on ...
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Goldman Sachs weighs sale for part of its wealth business catering to high net worth clientsGoldman Sachs is evaluating alternatives for its registered investment adviser unit, called Personal Financial Management, which manages about $29-billion
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Goldman Sachs weighs sale for part of its wealth businessGoldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich. The Wall Street bank is evaluating alternatives for its registered investment adviser unit, called Personal Financial Management (PFM), which manages about $29 billion, it said in a statement. Goldman bought the registered investment adviser, formerly known as United Capital Financial Partners, for $750 million in 2019 when it managed about $25 billion in funds.
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Goldman Sachs Plans to Undo Another Solomon Deal Chasing Mass MarketGoldman Sachs Group Inc. is exploring a sale of an investment-advisory business it bought four years ago, undoing another signature deal under Chief Executive Officer David Solomon’s ill-fated push to manage money for a broader set of customers.
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