Goldman Sachs May Sell Investment-Advisory Business

Goldman Sachs is considering selling its personal financial management business, United Capital, which it acquired in 2019. The business has seen limited growth, and the bank faces challenges in its consumer strategy. Additionally, Goldman Sachs is dealing with morale issues and CEO David Solomon's leadership amidst these changes. The media's role and internal sources are also discussed.

What was the main reason Goldman Sachs is exploring a possible sale of its personal financial management business?

How much did Goldman Sachs acquire United Capital for in 2019?

What challenges has Goldman Sachs faced in expanding their wealth business?

What was the goodwill impairment charge taken by Goldman Sachs in the most recent quarter?

What is the overarching question regarding the costs associated with unloading United Capital?