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How Goldman’s revamp is looking to reduce its M&A reliance
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fnlondon.comGoldman Sachs is so dependent on its investment bank that a slump in deal making sent third-quarter profit down 43% — by far the steepest slide among its big-bank peers.
A broad restructuring announced 18 October is meant to change that: Goldman will fold investment banking and trading into one unit and merge asset and wealth management into another — giving it a higher profile at the same time.
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