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“Goldman plans major reorganization to combine key units -source”

LONDON/NEW YORK (Reuters) – Goldman Sachs (NYSE:) is planning a major reorganization to combine its biggest businesses into three divisions with its investment banking and trading businesses being merged into a single unit, two people familiar with the matter told Reuters.

The plans are expected to be announced on Oct. 18 alongside Goldman’s third quarter earnings. Marcus, Goldman’s consumer banking business, will be absorbed into the wealth unit, the sources said, confirming an earlier Wall Street Journal report.

AFTER bulls implode, the Fed will arrange their long awaited bailout. It won’t be pretty and contrary to popular belief, anyone who is front running it will not emerge “stronger on the other side”. They will ALL learn the historical lesson of common prosperity at the zero bound

 





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