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by smallnamespace
3572 days ago
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Asset management has been a decent growth segment for Goldman since '09, as money started shifted out of trading. See p. 59 - http://www.goldmansachs.com/investor-relations/financials/cu... p. 51 - http://www.goldmansachs.com/s/2012annual/assets/downloads/GS... ~10% YoY growth since 2010; Investment Banking has actually grown a bit quicker than that. As much as the Volcker Rule has been watered down, it's still having a big impact on banks' ability to take on risk via their trading desks, so you're seeing them shift back into the classic businesses of making deals (investment banking), making rich people richer (private wealth), and making rich institutions richer (investment management in general). |
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