The US bank has announced a reshuffling of its business lines and merged its investment bank with its trading division bringing asset and wealth management together.
Goldman Sachs has announced a revamp of its operating segments which will see a reduction from four divisions to three – Asset & Wealth Management, Global Banking & Markets and Platform Solutions. The US bank is bringing asset and wealth management together again after separating them in 2019. The bank is also pulling back from retail banking and has announced that the technology underpinning its consumer finance unit Marcus will now be embedded into the unified asset and wealth m