David Solomon Goldman Sachs

Goldman Sachs has a new CEO and the storied investment bank is in the midst of a transformation.
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.

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
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 …read more

Source:: Business Insider

      

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