Goldman Sachs reorganizes private equity group
After its much-publicized run in with the SEC in July and as part of a wider push for transparency among US banks, Goldman Sachs has put forward a proposal that will more clearly divide its activities to ensure that its investments are separate from the bank’s activities on behalf of institutional clients.
In its proposal, the firm stated, "Because many of Goldman Sachs' businesses are complex and integrated, we must articulate clearly the drivers of our financial performance. The client survey and overall...
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