Goldman Sachs, one of the largest investment banks globally, has described Nigeria’s new foreign exchange (FX) rate regime as a desirable monetary policy step for sustainable growth of the nation’s economy in view of the multi-dimensional benefits to the political economy. The bank, in a report published on Wednesday titled “CBN Devalues the Naira and […]
Goldman Sachs Group on Tuesday unveiled a plan to re-organize its business into three units in another overhaul in less than three years. The US bank also reported a smaller-than-expected 44% slump in third-quarter profit. According to the Wall Street giant, it will now have three operating segments, comprising asset and wealth management, global banking […]
Goldman Sachs Group Inc said today that it expected its fourth-quarter earnings to decrease by about $5 billion, as the bank looks to take advantage of a new tax law