“We were on a good roll through January and February. Then came March," CFO Stephen Scherr says.
The changes to Goldman's business segments showcase "how digitally focused and consumer focused the Wall Street titan has become."
The bank set aside 35% of its revenue for staff compensation and benefits so far this year, the lowest since at least 2009.
The bank's first revenue miss in two years reflected what CEO David Solomon called a “challenging” trading environment.
Goodyear, Goldman Sachs, Prudential Financial, Diamond Resorts, Rogers, Potbelly, Sprague Resources, RigNet, Extreme Networks, Maestro Health
Incoming CEO David Solomon adds Goldman veteran Stephen Scherr to his team as he prepares for the challenge of succeeding Lloyd Blankfein.
The purchase of money-management app Clarity Money continues Goldman's push to expand the services offered by its Marcus digital banking arm.
