摘要: NEW YORK, NY –The Goldman Sachs Group, Inc. (NYSE: GS) announced new business segments for the reporting of its financial results, beginning with its 2019 fourth quarter and annual results to be announced Wednesday, January 15. The business segments are: Investment Banking, Global Markets, Asset Management and Consumer & Wealth Management.

 

 

NEW YORK, NY –The Goldman Sachs Group, Inc. (NYSE: GS) announced new business segments for the reporting of its financial results, beginning with its 2019 fourth quarter and annual results to be announced Wednesday, January 15. The business segments are: Investment Banking, Global Markets, Asset Management and Consumer & Wealth Management.

As described in the form 8-K filed today, the primary changes were:

Investing & Lending results are now included across the four segments as described below.

Investment Banking additionally includes the results from lending to corporate clients, including middle-market lending, relationship lending and acquisition financing, previously reported in Investing & Lending. These results are included within Corporate lending.

Institutional Client Services has been renamed Global Markets and additionally includes the results from providing warehouse lending and structured financing to institutional clients, previously reported in Investing & Lending, and the results from transactions in derivatives related to client advisory and underwriting assignments, previously reported in Investment Banking.

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Full Text: tradersmagazine.com


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