David Solomon

In the wake of global market turbulence, Goldman Sachs CEO David Solomon has pointed to the uncertainty surrounding U.S. trade policy as the primary cause. What Happened: Solomon, in an interview with CNBC on Tuesday, highlighted a shift from the optimism that characterized the start of the year,...

Several CEOs of the largest U.S. banks have recently expressed concerns about the economic fallout, market volatility and broader uncertainty resulting from President Donald Trump's new trade policies.  Goldman Sachs Group, Inc. (NYSE:GS) CEO David Solomon warned of uncertainty and potential...

After reporting better-than-expected first quarter results, Goldman Sachs Group Inc. (NYSE:GS) highlighted in its earnings call that the bank navigated the market volatility with record equity revenue and warned about “material risks” to the U.S. and global economies amid the ongoing...

Goldman Sachs Group, Inc. (NYSE:GS) on Monday reported its first-quarter global banking and markets division revenue rose 10% to $10.71 billion, driven higher by blockbuster equity trading revenue. However, CEO David Solomon warned of uncertainty and potential turbulence ahead on the company's...

Goldman Sachs (NYSE:GS) CEO David Solomon on Wednesday downplayed the notion that Bitcoin (CRYPTO: BTC) poses any significant threat to the U.S. dollar’s position as the world’s reserve currency. In an interview with CNBC on Wednesday, he said, “I do not think Bitcoin is a threat...

Goldman Sachs Group Inc (NYSE:GS) has granted retention-focused stock awards to its top executives, Chairman and CEO David Solomon and President and COO John Waldron, in a bid to ensure leadership stability and continuity. The $80 million restricted stock units (RSUs) for each executive reflect the...

Goldman Sachs Group Inc. (NYSE:GS) CEO David Solomon said on Tuesday that the investment banking giant might explore becoming a spot market maker for leading cryptocurrencies if more regulatory clarity is provided. What happened: At the Reuters NEXT event, Solomon stated that the firm's ability to...

Did one comment just send JPMorgan Chase & Co. (NYSE:JPM) shares to fall by 7.5%? It appears so. JPMorgan Chief Operating Officer Daniel Pinto tempered analyst forecasts on next year’s expenses and net interest income (NII) at an industry event Tuesday. The current NII consensus of $89.5...

Goldman Sachs Group Inc. (NYSE:GS) plans to double its lending to ultra-wealthy private bank clients by 2029. This initiative is part of the bank’s broader strategy to bolster its wealth management operations. What Happened: Goldman Sachs aims to expand its lending to clients with account...

Goldman Sachs Chief Executive Officer David Solomon has cautioned investors against placing too much trust in the Federal Reserve’s capacity to orchestrate a “soft landing” for the US economy amidst the ongoing battle against inflation. What Happened: Solomon, speaking at a UBS-...

The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), achieved historic all-time highs during the last session of the week, marking a significant milestone following more than two years since its previous peak. Major tech stocks led the broader U.S. stock market's rebound...

Goldman Sachs Group, Inc. (NYSE:GS) CEO David Solomon believes the market is being overly-optimistic about potential rate cuts in 2024. Solomon shared his more conservative Federal Reserve rate outlook Wednesday at the World Economic Forum in Davos, Switzerland.  What Happened: The market is...

Goldman Sachs Group Inc CEO David Solomon shared his optimism about the U.S. economy’s prospects for 2024. However, he also sounded a note of caution about the persistence of inflationary pressures. What Happened: In an interview with Reuters on Wednesday, Solomon expressed his belief that...

As the remote work debate continues, some wonder whether the push to return to offices is making a tangible impact in metropolitan areas. Placer.ai explored office recovery trends in Manhattan — New York City’s financial epicenter — and it provided some answers. Office Visits On The Rise:...

In a three-hour Senate Banking Committee hearing on Wednesday, US. Sen. Raphael Warnock (D-GA) asked eight CEOs of the biggest banks in the country to raise their hands if they support the SAFER Banking Act. Only Brian Moynihan, CEO and chairman of Bank of America (...