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David Solomon admits Goldman took on too much, too quickly in consumer business

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'We obviously had a disappointing quarter and we tried to own that, you know, up front,' Solomon told CNBC's 'Squawk Box' Wednesday.

as revenue fell and expenses and loan loss provisions came in higher than expected.

"In the consumer platforms, we did some things right. We didn't execute on some others," Solomon said. "We probably took on more than we should have, you know too much, too quickly." "I think we now have a very good deposits business," Solomon said. "We're working on our cards platform and I think the partnership with Apple is going to pay meaningful dividends for the firm."

 

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This guy's voice is weirdly similar with the previous CEO's tone.

He had to travel to Davos to tell us his?

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