Goldman Sachs planning to combine three groups into banking and markets unit, WSJ reports

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Goldman Sachs planning to combine three groups into banking and markets unit, WSJ reports

//business-finance.news-articles.net/content/202 .. s-into-banking-and-markets-unit-wsj-reports.html

Published in Business and Finance on Monday, January 13th 2025 at 9:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Goldman Sachs is planning to combine three key groups in its global banking and markets unit, the Wall Street Journal reported on Monday.

Goldman Sachs Group Inc. is planning to merge its investment banking, markets, and research divisions into a single unit called "Global Banking & Markets," according to a report by The Wall Street Journal on January 13, 2025. This strategic restructuring aims to streamline operations and enhance client services by integrating these key areas under one leadership. The move is part of broader efforts by CEO David Solomon to simplify the bank's structure following a series of strategic missteps and to focus on core strengths amidst a challenging economic environment. The reorganization is expected to lead to some job cuts, although specific details on the extent of layoffs were not disclosed. This consolidation reflects Goldman Sachs' ongoing efforts to adapt to market changes and improve efficiency.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/goldman-sachs-planning-combine-three-groups-into-banking-markets-unit-wsj-2025-01-13/ ]

Publication Contributing Sources

Reuters

N🟁N

Goldman Sachs planning to combine three groups into banking and markets unit, WSJ reports