The US bank has significantly decreased its US issuance in Q1 23 - revenues dropped mainly due to a slowdown in its global banking & markets activity.

Goldman Sachs has conceded the crown to Citigroup in the US issuer league table for the retail market in Q1 23. The bank has slipped in fifth place after J.P. Morgan, Morgan Stanley and Barclays by issuance, SRP data shows. During the quarter, the US bank cut its issuance amount by 56.9% to US$2.2 billion across 784 structured notes - its market share shrank to 8.4% from 17.9%. New issuance was driven by stocks or equity indices but also by hybrid assets, interest rates and exchange-trad