Tuesday, October 18, 2022

As Goldman goes, so go BlackRock and Vanguard?

Goldman Sachs appears to be downshifting its investment banking business amid the sharp changes occurring in the U.S. economy. Does this imply that the economy-stradddling investment funds, such as BlackRock and Vanguard, are headed for rough waters? Goldman can reformulate its overall business model, but, if need be, can BlackRock and Vanguard?
https://www.reuters.com/business/finance/goldman-combine-investment-banking-trading-businesses-wsj-2022-10-17/

No comments:

Post a Comment

A sweet dose of storm aid