“But that doesn’t stop me from reflecting on anything that’s said, and I always try to think about how I can do better,” he said.
Goldman Sachs is shedding its consumer businesses after its foray into retail banking flopped. It is also selling fintech firm GreenSky, after offloading most of its unsecured consumer loan portfolio and But the bank is keeping its core Marcus savings business, which Solomon said had over $130 billion in deposits.
Capital markets were improving, Solomon said. If initial public offerings, including for SoftBank Group’s Arm Holdings, go well, that may spur more activity, he said. Confidence among corporate CEOs has improved, and that will likely lead to a pickup in mergers and acquisitions, Solomon said. But he cautioned the pace of activity could remain slow.
Solomon also said US regulatory proposals for stricter bank capital rules have “gone too far.” The standards could hurt economic growth by prompting lenders to pull back, without making the banking system safer.US regulators in July launched an ambitious effort that would order large banks to set aside billions more in capital to guard against risk.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs CEO David Solomon sees Wall Street rebound if tech IPOs performCapital markets could get a boost from upcoming tech IPOs, such as Arm and Instacart, Solomon told CNBC.
Read more »
Goldman Sachs CEO David Solomon: I definitley feel better about capital marketsDavid Solomon, Goldman Sachs CEO, sits down with CNBC's David Faber for a wide ranging interview that includes Solomon's take on negative press, Goldman Sachs' asset management strategy, the pace of M&A activity and much more.
Read more »
Imax CEO Grills Goldman Sachs Analyst Over ‘Sell’ Rating On StockImax CEO Rich Gelfond turned a media conference Q&A back on the host today, grilling a Goldman Sachs analyst about the firm’s two-year ‘sell’ rating on the stock when, he said, much of the Stre…
Read more »
Goldman Sachs CEO Solomon pushes back against critics By ReutersGoldman Sachs CEO Solomon pushes back against critics
Read more »
The TV Biz Is Coming Unglued. Paramount and Warner CEOs Weigh In.Warner Bros. Discovery CEO David Zaslav and Paramount Global CEO Bob Bakish addressed the future of television at the Goldman Sachs conference in San Francisco.
Read more »
Goldman Sachs reduces US recession risk amid growing optimism about economy's futureGoldman Sachs reduced its recession risk for the U.S. economy for the third time in as many months.
Read more »