Goldman Sachs weighs sale for part of its wealth business

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Goldman 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.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting -- Sculptor Capital Management Inc. spurned an unsolicited bid from a group of hedge fund giants including Boaz Weinstein, Marc Lasry and Bill Ackman, the latest twist in the takeover of one of Wall Street’s best-known investment firms.

Francis Ndege isn’t sure if his customers in Africa’s largest slum can afford to keep buying rice from him. Prices for rice grown in Kenya soared a while ago because of higher fertilizer prices and a yearslong drought in the Horn of Africa that has reduced production. Cheap rice imported from India had filled the gap, feeding many of the hundreds of thousands of residents in Nairobi's Kibera slum who survive on less than $2 a day. But that is changing.

A new car that costs under $20,000, once an unofficial threshold of affordability, is all but history in the United States. Blame it on automakers abandoning the low-profit small-car business as American consumers increasingly gravitate toward pricier SUVs and trucks. The compact Mitsubishi Mirage has become the last new vehicle with an average selling price under $20,000. And even the Mirage appears on the way out.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 47. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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 ...
출처: SaltWire Network - 🏆 45. / 63 더 많은 것을 읽으십시오 »

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
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Morgan Stanley Sees Mood on US Stocks Souring, Goldman DisagreesTwo of Wall Street’s top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »