Today news
About the same in other media
How Goldman Sachs is trying to solve its identity crisis
Reading now: 880
fnlondon.comGoldman Sachs has admitted defeat in its ambitious plan to be the bank for everybody. Now it has to figure out how to be a bank for somebody.
Chief executive David Solomon told analysts and shareholders last week during an in-person investor day at its headquarters that the firm is scaling back on banking consumers and their checking accounts and credit cards. Instead, he said, growth will come from managing the wealth of institutions and the rich — a business that throws off steady fees when markets are up or down.
Some...
Read more on fnlondon.comAbout this in other media
MakerDAO: How RWA holdings contributed to profits amidst stablecoin saga ambcrypto.com /1 year ago
‘The bank had your back’: Bear Stearns’ influence remains 15 years after its collapse fnlondon.com /1 year ago
Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy cnbc.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![What is driving Trader Joe’s [JOE] recent surge in DEX trading volume?](https://finance-news.co/storage/thumbs_400/img/2023/4/2/62551_qsdez.jpg)
![Ripple [XRP] falls to psychological support level: Can bulls step up soon](https://finance-news.co/storage/thumbs_400/img/2023/4/1/62544_g2qq.jpg)
![Bitcoin [BTC] gives way to bullish sentiment: Bye-bye, bear market?](https://finance-news.co/storage/thumbs_400/img/2023/4/1/62541_uds.jpg)
