- The Wall Street bank is moving away from high risk businesses like trading that were once lucrative but have since slowed, and towards more stable areas like consumer lending .
- Business Insider reports regularly on the latest developments at Goldman. You can read our stories by subscribing to BI Prime.
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Everything we know going on at Goldman Sachs
Goldman Sachs has a new CEO and the storied investment bank is in the midst of a transformation.
David Solomon Goldman Sachs
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Here's what we know about what's going on inside of Goldman right now, from its growing digital wealth business, to shakeups in its inner ranks.
Consumer banking/wealth
- Goldman Sachs execs are opening up about their plans for Marcus, and they think it can do to banking what iTunes did to the music industry
- Goldman Sachs' partnership with Apple could move it a step closer to being 'a bank branch in your pocket'
- Human resources is the next battleground for Wall Street wealth advisers as Morgan Stanley and Goldman Sachs jockey over new turf
- Goldman Sachs has a novel method for predicting the next economic slump, and it's at the heart of its hot new business
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Technology
- Goldman Sachs' CEO just warned that the bank's big tech bets might not pay off as quickly as people hope
- Goldman Sachs is scrapping a homegrown email app it once touted and it's a sign the bank is moving away from building tech in house
- Goldman Sachs is exploring plans to create a Netflix for data, and it marks a new frontier for Wall Street
- Goldman Sachs' internal idea factory hatched a plan for the Google of Wall Street, and it's now looking for the next big thing to disrupt the bank
- Goldman Sachs' big bet on the future of Wall Street had a rocky start. Here's the inside story of the bank's struggle to grow its next business and an exclusive look at its plans
- Goldman Sachs just bought a one-person startup, and it's betting it could change the day-to-day lives of its bankers
Trading
- Goldman Sachs is cutting about 5% of sales and trading staff after senior equities leaders delivered a tough town-hall talk
- Goldman Sachs is moving away from a tool championed by its former CFO as it pushes its traders to see clients where they once saw quick wins
- Goldman Sachs is shuffling its top stock trading executives as the business tries to claw back market share from Morgan Stanley and JPMorgan
- Goldman Sachs's bond trading unit is still trying to find its way and it represents a key challenge for new CEO David Solomon
- A small team of traders at Goldman Sachs made $100 million betting on natural gas and it could be thanks to a 'bomb cyclone' driving prices to a record level
- Goldman Sachs is ditching near-term plans to open a bitcoin trading desk, instead focusing on a key business for driving Wall Street investment in crypto
- Goldman Sachs has created a new team to take on high-speed traders like Virtu and Citadel Securities at their own game
Deals
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- 'It's good to be Rich': Meet the Goldman Sachs banker who has built a private investing empire that goes head-to-head with Blackstone and you've probably never heard of him
- Goldman Sachs is considering a shakeup of its alternative investing units as part of a plan to simplify the bank's strategy
- A senior Goldman Sachs fintech banker was about to join JPMorgan but then got lured back and it's another sign of the fierce battle for M&A talent
- Goldman just promoted a star tech banker close to Tesla and Microsoft to co-head one of its most profitable businesses, as incoming CEO Solomon makes his mark
- Goldman Sachs just announced a shakeup of its leadership and it signals the rise of bankers over traders
- A tug-of-war between Goldman Sachs and JPMorgan over a top banker highlights Wall Street's $1 trillion battleground
Careers
- The David Solomon era at Goldman Sachs kicked off with 43 words Lloyd Blankfein would never say
- Goldman Sachs CEO David Solomon shares his best leadership advice
- Goldman Sachs is shaking up the way it stocks one of the most elite clubs on Wall Street and it shows how banks are back to making money again
- Goldman Sachs is about to move dozens of jobs out of pricey New York to Utah as Wall Street turns to cheaper cities
- Goldman Sachs has named a new chief to lead diversity efforts
- Goldman Sachs just named its next CEO here are the execs who will be in and out, according to a dozen insiders
NOW WATCH: The legendary economist who predicted the housing crisis says the US will win the trade war
See Also:
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- Goldman Sachs execs are opening up about their plans for Marcus, and they think it can do to banking what iTunes did to the music industry
- UK customers are swarming to Goldmans Marcus
- Goldman Sachs' glitzy new London trading floor is the size of a soccer field but traders worry they'll be 'caged in like battery hens'
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