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/
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