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Goldman plans sweeping reorganization, combining investment banking and trading

Goldman Sachs Group plans to split its biggest businesses into three divisions, carrying out one of the biggest restructurings in Wall Street firm history.

Goldman will combine its flagship investment banking and trading operations into one unit, while its asset and wealth management operations will be merged into another, people familiar with the matter said. Marcus, Goldman’s consumer banking arm, will be part of the asset and wealth management unit, the people said.

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