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Even the beleaguered fixed-income trading unit looks better.
Its trading unit doesn't dominate the investment banking operations.
We argue that reducing the minimal trading unit in the round lots market would benefit investors.
Goldman also released detailed financial statements for its mortgage trading unit.
Currently, weak performance by any given trading unit can be hidden from view.
He was referring to Dan Sparks, then the head of Goldman's mortgage trading unit.
Earlier this year, it bought a commodities trading unit from the Royal Bank of Scotland.
Meanwhile, Barclays reported better-than-expected first-quarter results, particularly in its trading unit.
Likewise, it acquired Enron's trading unit, while selling a small private-banking arm, Hyposwiss.
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The online stock-trading unit, DLJDirect, will be renamed CSFB Direct, the people said.
Its private equity and real estate arms reported negative revenues, while its hedge fund of funds and GSO credit-trading unit showed steep declines in revenue.
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