Subject: Goldman Sachs Tries Banking for the Masses. It’s Been a Struggle. Sat Sep 28, 2019 9:34 pm
So far, Goldman has lost $1.3 billion on its consumer bank—and its makeover is challenging the firm’s identity as a titan of high finance
Two dozen of Goldman Sachs Group Inc.’s most profitable traders were kicked off their desk last year to make room for the swelling ranks of the firm’s Main Street lending arm.