Goldman Sachs Group Inc. (GS) is seeking a buyer for its New York Stock Exchange designated market-making business acquired through its 2000 purchase of Spear, Leeds & Kellogg, a person briefed on the matter said.
The bank is in the early stages of the process and has held talks with potential buyers, according to the person, who requested anonymity because the discussions are private. The Financial Times reported on the planned sale earlier today.
Goldman Sachs, which generates the most revenue from equities trading among U.S. banks, paid about $5.4 billion for Spear, Leeds. Last year, New York-based Goldman Sachs agreed to sell a majority stake in its Redi trading-technology unit.
Source: Bloomberg (by
