Within the bank, Ed Emerson, , who leads the commodities-trading business, is known as a vocal critic of CEO David Solomon's leadership.

The revamp will see Greg Olafson become global head of private credit from his current role as co-president of alternatives.

Banks including Morgan Stanley, HSBC, Goldman Sachs and JPMorgan Chase have announced individual sustainable finance targets for 2030 that range from $750 billion to $2.5 trillion. Yet such statements leave investors with little real insight into the very different ways in which banks are defining what's sustainable.

The proposed rules — which the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency unveiled in July — would require the biggest US banks to set aside more capital for a variety of different businesses.

Goldman, which oversees $267 billion in fee-earning alternative assets, is trying to bring compensation more in line with rival investment firms as it moves toward third-party capital to fund its investing activities instead of relying on its own balance sheet.

Equity capital markets deal flow remains tepid, hovering around $101 billion this year. That's an improvement over the $92.6 billion for all of last year, but still far below the $200 billion average in 2018 and 2019.

Goldman joins a roster that includes BlackRock Inc. and Morgan Stanley in launching lookalike funds to JPMorgan's successful active ETFs.

Goldman is selling $4 billion of fixed-to-floating rate notes in two parts while BNY Mellon is selling $2 billion with a similar structure and durations, according to people with knowledge of the matter.

Goldman is offloading the lending platform less than two years after acquiring it as part of a broader retreat from the mass market.

Anthony Viggiano and three classmates once won a competition about which team could best tackle dilemmas they'd face as financial professionals. He's now accused by federal prosecutors of being at the center of an insider trading scheme.