Oct 11 (Reuters) – Goldman Sachs Group Inc. is betting it can get its money-making move back again by pitching creative deals to big, complex clients, marking a go back to its investment bank root base as trading revenue slows. 93 billion investment accounts, people familiar with the problem said. The brand-new “brain trust,” as one insider called it, is targeted at supercharging investment bank revenue as trading, for quite some time Goldman’s profit engine, has faltered amid regulations and market developments that harm the lender more than competitors.
1.3 billion, or 26 percent. This season That development has accelerated. On Tuesday Analysts expect Goldman to reveal more trading pain when it reports third-quarter results, building on two consecutive quarters of declines. Management has emphasized Goldman’s root base as a proper adviser to companies, wealthy family members, and investment funds, and in addition has expanded into areas like consumer financing. But while fees from those ongoing services can be more reliable than trading, analysts say Goldman will not replace the income from its stock and relationship market heyday any right time soon. Steven Chubak, a banking analyst with Instinet. A Goldman spokeswoman dropped to touch upon the new group.
Berkshire is the owner of more than 90 businesses across aerospace, energy industrials, financials, transport, consumer products and food. Meanwhile, SoftBank’s Vision Fund has committed to companies ranging from satellite startup OneWeb to asset manager Fortress Investment Group LLC. Together with spotting deal opportunities, the new team shall analyze wide developments … Read the rest