Goldman Sachs mulls sale of investment advisory unit — undoing David Solomon strategy

  • 📰 nypost
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The Wall Street investment giant is looking to offload its Personal Financial Management unit, which manages around $29 billion in assets.

and rank-and-file employees who have been put off by his leadership style — as well as his moonlighting as an amateur disc jockey — as Goldman’s earnings have plunged this year.

Goldman Sachs is looking to sell off its investment advisory unit — a move that would undo CEO David Solomon’s attempt to expand the bank’s clientele beyond the ultra-rich.“We see continued opportunities to invest in this segment but with less strategic impact to GS.” Sixth Street is said to be leading a consortium that includes KKR, PIMCO, and CardWorks in bidding for GreenSky,Goldman is likely to take a large writedown for GreenSky.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 91. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Goldman Sachs names 6 electric vehicle stocks set to beat the 'intense competition'Competition in the electric vehicle industry is getting fiercer. Goldman sees two groups of companies prevailing, naming six such stocks.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Goldman Sachs is exploring sale of investment advisory unit - reports By Investing.comGoldman Sachs is exploring sale of investment advisory unit - reports
Källa: Investingcom - 🏆 450. / 53 Läs mer »