BANKS: Goldman Sachs Overhaul

By Staff Reporters



Goldman Sachs is planning a major overhaul that would combine its investment banking and trading businesses into one unit and its asset and wealth management branches into another.


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2 Responses

  1. GS
    Goldman Sachs plans to start laying off 3,200 people tomorrow, a day bankers have dubbed “David’s Demolition Day” after the firm’s CEO. The investment bank faces an expected 46% drop in profits.


  2. GS

    Goldman Sachs. First came the news that the investment bank’s efforts to get into consumer banking has cost it ~$3 billion since 2020, and now it might be creating even more headaches. The Federal Reserve is investigating whether the right safeguards were in place for lending, according to the WSJ. The bank has already announced plans to stop making personal loans.


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