The writer is a former investment banker and author of Power Failure: The Rise and Fall of an American Icon
Goldman Sachs has lost its swagger. The market value of the venerable 154-year-old investment bank, at $121bn, is now $42bn less than its longtime arch-rival Morgan Stanley. It used to be that Goldman was the more valuable bank for many years.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased