(Bloomberg) -- Goldman Sachs Group Inc. and JPMorgan Chase & Co. have told some clients that bonds related to Gautam Adani’s business empire can offer value due to the strength of certain assets.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionHong Kong to Give Away 500,000 Air Tickets to Revive TourismAdani’s $108 Billion Crisis Shakes Investors’ Faith in IndiaAdani’s $58 Billion Wealth Wipeout in Six Days Has
Goldman Sachs Group Inc has appointed Akila Raman as chief commercial and strategy officer of transaction banking within its newly formed Platform Solutions unit, according to an internal memo seen by Reuters on Thursday. Raman joins the unit from within the bank, where she recently served as chief operating officer of investment banking, the memo said. In October, Goldman scaled back ambitions for its direct-to consumer bank Marcus by placing it under the newly-merged asset and wealth division.
Investment banking giant Goldman Sachs (NYSE: GS) has had a rough go of it over the last year. With a dramatic drop in the number of companies going public through initial public offerings (IPOs) and a challenging market environment, things haven't been easy for the bank. On paper, Goldman Sachs may look like a bargain, but I'm not buying this investment bank anytime soon.