Goldman Sachs is planning to reorganize its biggest businesses into three divisions as part of a major overhaul at the company.
Goldman's restructuring plans are expected to be announced in the next few days. The firm will release its third-quarter earnings on Tuesday. Changes to the company's top brass are unknown, but at least a few executives will assume new positions. Marc Nachmann, currently the bank's global co-head of the Global Markets Division, will help run the combined asset- and wealth-management division.
The Wall Street firm will combine its investment banking and trading businesses into one unit, and asset and wealth management will be merged into another.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs to combine investment-banking and trading businesses in sweeping reorganizationGoldman Sachs Group Inc. plans to fold its biggest businesses into three divisions, undertaking one of biggest reshuffles in the Wall Street firm’s history. Um...conflict of interest anyone? Shuffle the bad with the good, presented as One mortgages BTC
Source: MarketWatch - 🏆 3. / 97 Read more »
Safety concerns shut Starbucks store, economic, 3Q earnings reports and more: Monday's 5 things to knowBanks and transportation lead off third-quarter earnings reports with Bank of America, Goldman Sachs and Traveler's scheduled to report. Yes let's talk safety concerns and issue false public statements. I'm sure investors will be curious SECGov FTC FCC EPA NYSDEC NewYork_SEC NewYorkStateAG OSHA_DOL
Source: FoxBusiness - 🏆 458. / 53 Read more »
Goldman CEO David Solomon’s latest remix breaks up the bank’s struggling consumer finance businessGoldman Sachs CEO David Solomon is planning his third major corporate reorganization since assuming control of the bank in late 2018. Remix…get it? It’s funny because he’s a DJ
Source: CNBC - 🏆 12. / 72 Read more »
Goldman plans major overhaul, to combine investment banking and trading -WSJGoldman Sachs is planning a major reorganization as part of which its storied investment banking and trading businesses will be combined, while consumer banking will be absorbed by its wealth unit, the Wall Street Journal reported on Sunday. ChineseWalls anyone? At least this way GoldmanSachs can stop pretending (it wants) CWs to work.
Source: Reuters - 🏆 2. / 97 Read more »