trending Market Intelligence /marketintelligence/en/news-insights/trending/_8q_Cusa6H3LX05OqAW2ew2 content esgSubNav
In This List

Report: Goldman Sachs forming new group to shore up i-banking biz

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Report: Goldman Sachs forming new group to shore up i-banking biz

Goldman Sachs Group Inc. is establishing a group that would pitch "out-of-the box" M&A ideas to large conglomerates, as part of its efforts to boost its investment banking business, Reuters reported, citing "people familiar with the matter."

The group is expected to serve the likes of Berkshire Hathaway Inc., which invests in businesses across sectors. Internally known as the Innovation Lab, it will be headed by Brian DeCenzo and James Morris. The duo earlier worked as part of the company's financial sponsors group, helping private equity firms identify deal opportunities, according to the report.