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Goldman Sachs
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Goldman Sachs makes sweeping changes to match peers

Goldman has four new business segments

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Goldman Sachs is making sweeping changes to make it easier for investors to compare the storied Wall Street firm with its peers.

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The New York-based investment bank announced new business segments for the reporting of its quarterly results. The changes will take place beginning with Goldman’s 2019 fourth-quarter results and annual results scheduled to be released on Jan. 15.

The new business segments are:

  • Investment Banking
  • Global Markets
  • Asset Management
  • Consumer Wealth & Management

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Goldman expects the changes to “better reflect how the firm is now managed” and “help drive greater accountability for executing its forward strategy.”