Friday's Headlines: Goldman Sachs Creates Private Equity Unit

Goldman Sachs has spun a private equity group focused on inner city-based middle-market companies. [Financial News]

Recruitment by UK investment banks surged in the third quarter, as hiring in capital markets and advisory services rose. [Reuters]

UBS wants to regain the top spot in equities trading and become a bigger player in fixed-income. [Reuters]

JPMorgan, Deutsche Bank, and Citigroup are hiring wealth management bankers as new rules cut into investment banking revenues. [Bloomberg]

Investment banking revenues in Asia are setting new records, according to data provider Dealogic. [WSJ]