NEW YORK, USA – Goldman Sachs Group’s chief executive David Solomon said the company is considering “strategic alternatives” for its consumer business after stumbles led to billions of dollars in losses.
The bank will aim to grow fees from asset and wealth management and try to make profits from a newly created fintech unit as it laid out its priorities at the start of its second investor day. “Sometimes we fall short. Sometimes we don’t execute. But we always learn and adapt,” Solomon told investors.Observers will focus on his plans to decrease Goldman’s reliance on trading and investment banking, which can beThe bank has said it plans to slim down some alternative investments that weighed on profits last year.
After a solid performance in recent years, Goldman’s markets division could weaken in the short-to-medium term because “trading is a wild card,” he said.
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