Goldman Sachs renames business units ahead of quarterly results
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid
The latest changes are part of a broader strategic overhaul under Chief Executive Officer David Solomon, who is looking to build a bigger consumer business to shield revenue from wild swings in financial markets that have pressured its trading arm. Goldman renamed its institutional client services business as global markets, while investment management will now be called asset management. The bank is also doing away with its investing and lending unit, it said in a regulatory filing.
“The new reporting structure appears more centered around its different client segments and should help drive increased accountability in how it executes on its relatively new strategy,” Barclays analyst Jason Goldberg said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Goldman Sachs Lifts the Veil to Woo Skeptical ShareholdersGoldman Sachs will release new details about how and where it makes money, a shot of transparency it hopes will win over skeptical investors and boost a stock price stuck in neutral.
Weiterlesen »
Most overpriced stocks in the market to avoid, 20% drop: Goldman Sachs - Business InsiderGoldman Sachs says these 10 stocks are dangerously overvalued and could tumble 20% — and their list includes Apple, which they see plunging 35% this year
Weiterlesen »
Goldman Sachs says 'gold is a better hedge than oil' as Trump-Iran tensions heat upGoldman Sachs says gold is the better investment compared with oil in times of geopolitical strife. Oil price 'risks are skewed to the dow...
Weiterlesen »
Goldman Sachs and the 1MDB Scandal - The Journal. - WSJ PodcastsGoldman Sachs helped Malaysia raise over $6 billion for its economic development fund, 1MDB. Prosecutors say much of the fund's money was then stolen. WSJ's Liz Hoffman explains the scandal and why the bank may soon face punishment for its alleged role.
Weiterlesen »
Gold better hedge than oil during geopolitical tensions, says GoldmanGoldman Sachs on Monday maintained its three-, six- and 12-month forecast for go...
Weiterlesen »