David Solomon, chief executive officer of Goldman Sachs.
Patrick T. Fallon | Bloomberg | Getty Images
Goldman Sachs just wants to fit in.
The New York-based firm announced it is reorganizing its businesses to more closely resemble its Wall Street peers and give its nascent retail banking operations its own category, according to a filing early Tuesday.
Goldman is now calling its four main segments global markets, investment banking, asset management and consumer & wealth management. Previously, the divisions were called institutional client services, investment banking, investment management, and investing and lending.
The move comes ahead of its fourth-quarter earnings report next week as well as its first-ever investor day later this month.