My heart bleeds with this newsGoldman Sachs GroupInc.GS1.10%increase; green up pointing trianglesaid a big chunk of its consumer lending business has lost about $3 billion since 2020, revealing for the first time the costly toll of the Wall Street giant’s Main Street push.
Ahead of fourth-quarter earnings next week, Goldman released financial information that reflects its new reporting structure. The bank in Octoberannounced a sweeping reorganizationthat combined its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another.
Ha Ha!
Maybe their CXO investment plays will go away now!
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11.5¢ |
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Mkt cap ! $246.4M | |||
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