The push is part of a broader plan by CEO David Solomon to boost revenue across the company to make up for a multi-year decline in trading results.
Goldman Sachs is planning to open up an internal go-anywhere investing group to outsiders, according to the Wall Street Journal.
div > div.group > p:first-child"> The firm's special situations group, often referred to by its SSG acronym, plans to raise outside money, the newspaper reported Tuesday, citing people with knowledge of the situation. New York-based Goldman is considering combining the group with the firm's merchant bank, which makes private equity investments, the Journal said.
SSG invests the bank's money in a diverse set of asset classes, from stakes in mid-sized companies to credit and real estate around the world. The unit, run by Julian Salisbury since 2013, has about $30 billion in assets, according to the Journal. It's part of a broader plan by CEO David Solomon to boost revenue across the company to make up for a multi-year decline in trading results. The bank is making a push to find new clients in investment banking, start new businesses like corporate cash management and gain share in retail banking activities like personal loans.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Suits and ties now optional: Goldman Sachs says it's relaxing its dress codeGoldman Sachs said on Tuesday that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm's leagues of monk-shoed partners and bankers in bespoke suits.
Consulte Mais informação »
Goldman Sachs: Buy these fast growers to beat market as overall earnings growth slowsIn an economic slowdown, investors should look to companies with above-average sales growth as the rest of the market is weighed down by rising costs, according to Goldman Sachs.
Consulte Mais informação »
Bury those bespoke suits in the closet: Goldman Sachs is going casualGoldman Sachs Inc., traditionally a suit-and-tie workplace, is relaxing its dress code.
Consulte Mais informação »
Merck KGaA mandates Goldman as additional advisor for Versum dealGerman drugs and lab supplies group Merck KGaA has brought in Goldman Sachs as a...
Consulte Mais informação »
Goldman Sachs is trying out a new strategy to get more women on the trading floorGoldman Sachs is offering hundreds of its new female recruits a one-year trial program, allowing them to work as a trader for a year.
Consulte Mais informação »
How to Dress at Goldman SachsGoldman Sachs has gone business casual, and Jason Gay contemplates the implications. Hockey sweaters on Wall Street? Spandex?
Consulte Mais informação »
Goldman Sachs is loosening its dress codeGoldman Sachs is going casual. The investment bank told employees on Tuesday that they could start dressing down for the office.
Consulte Mais informação »
Suits and ties now optional, Goldman Sachs hedges dress codeGoldman Sachs Group Inc said on Tuesday that it is relaxing the dress code for a...
Consulte Mais informação »