Search results
- The news: Goldman Sachs is considering selling or restructuring part of its consumer business as it recovers from the expensive, loss-generating digital bank venture Marcus, per Business Insider.
www.emarketer.com/content/goldman-sachs-weighs-its-options-lagging-consumer-facing-businessGoldman Sachs ponders sale or restructure of consumer business
People also ask
Does Goldman restructure consumer banking?
How will Goldman reorganisation affect consumer banking?
Is Goldman Sachs paying for its Misbegotten foray into consumer banking?
Why did Goldman Sachs pull back from retail banking?
Jan 13, 2023 · Jan. 13, 2023. Goldman Sachs is paying for its misbegotten foray into consumer banking. Six years ago, Wall Street’s most elite investment bank made a big pitch to the little guy, rolling out...
Oct 10, 2022 · Cost overruns and missed profitability goals have set off a rising tide of discontent inside the firm, concerned questions from regulators and most worryingly, the dismay of shareholders. Now, the...
Oct 23, 2022 · Under the restructuring announced on Tuesday, consumer banking will be subsumed within Goldman’s wealth management business. Meanwhile, a new “platform solutions” business will include...
Feb 27, 2023 · The man who lost out to Solomon, Harvey Schwartz, was one of several original backers of the firm’s foray into consumer banking and was often seen pacing the floor in Goldman’s New York...
Oct 17, 2022 · Marcus, Goldman's consumer banking business, will be absorbed into the wealth unit, the sources said, confirming an earlier Wall Street Journal report, opens new tab.
Oct 18, 2022 · Goldman Sachs said it was pulling back from its highly touted foray into retail banking to focus on its traditional strengths serving big corporations and wealthy investors as part of a...
Oct 17, 2022 · Goldman will combine its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another, people familiar with the matter said.
