Balanced News: : Goldman Sachs to report earnings in three business units after layoffs

Goldman Sachs Group Inc. GS, +1.50% said Friday it will report fourth-quarter results in three business segments rather than four including combining its investment banking and trading businesses into one unit, Global Banking & Markets. Starting Tuesday when it reports fourth-quarter results, Goldman will break up its business into three major units: Global Banking & Markets, Asset & Wealth Management and Platform Solutions. Previously, it reported four units: Investment Banking, Global Markets, Asset Management and Consumer & Wealth Management.