Goldman Sachs, the remix
One thing to start: SoftBank is dumping its entire stake in troubled UK ecommerce company THG, crystallising a £450mn loss for the Japanese technology investment group.
Former SoftBank executive Akshay Naheta led the Japanese group’s investment in THG last year © Reuters
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In today’s newsletter:
Goldman’s big reorg
Kirkland’s troubles in China
Cevian sheds its Vodafone stake
David Solomon puts out a new sound
When David Solomon took to the booth at Goldman Sachs four years ago, the banker-slash-DJ promised to put a new spin on the Wall Street investment bank that has struggled to close a stock market valuation gap with rival banks.
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This story originally appeared on: Financial Times - Author:Francesca Friday
