David Solomon
Goldman Sachs stock drops 4% as CEO warns of weak trading revenue
The price of a share in the bank fell by just over $19 the day after its chief executive spoke to an investor conference in New York.
Goldman Sachs CEO says Fed won't make emergency rate cuts
“The economy will chug along and we probably won’t see a recession,” he said.
Goldman Sachs CEO jets off to Paris after 'banning' staff from Olympics
David Solomon, 62, landed in Paris on Thursday morning for five days of ritzy events after warning staff not to sneak off to the Olympics.
Goldman Sachs profit more than doubles to $3B as Wall Street dealmaking rebounds
After a foray into consumer banking flopped, Goldman has refocused on its traditional mainstays - investment banking and trading.
Goldman CEO Solomon says Fed unlikely to cut rates this year: 'We're set up for stickier inflation'
His comments came after Fed policymakers said the central bank should wait several more months to ensure that inflation really is back on track to its 2% target before cutting interest rates.
Goldman Sachs CEO raises alarm on US debt: 'Ability to spend without constraint is not unlimited'
Solomon said that while it was anticipated that the government would spend during COVID lockdowns, "we're a long way out of that pandemic."
Goldman Sachs names ex-Dallas Fed chief as vice chairman
Goldman Sachs appointed the former president of the Federal Reserve Bank of Dallas, Robert Kaplan, as its vice chairman on Tuesday. Kaplan's new role at the David Solomon-led Wall Street...
Goldman Sachs riding wave of success in red state Utah as CEO David Solomon fights woke woe
To hear it from his handlers at Goldman Sachs, CEO David Solomon is having quite a moment these days.
Goldman Sachs shareholders reject pressure to split David Solomon's CEO, chair roles
At Goldman's annual shareholder meeting, the proposal by the conservative-leaning National Legal and Policy Center garnered 33% of shareholder votes, according to a preliminary tally, compared with 16% last year.
Goldman Sachs reports surprise profit surge thanks to strong trading, dealmaking
Goldman Sachs recorded a 28% surge in quarterly profits -- topping Wall Street's expectations thanks to surprising strength in the bank's trading and investment banking operations. The Wall Street giant...
Goldman Sachs loses another top exec
Goldman CEO David Solomon named Carey Halio as the investment bank's new treasurer -- replacing Philip Berlinski, who departs after 24 years at the Wall Street giant.
Goldman Sachs urged to vote against David Solomon's $31 million salary, separate CEO and chair roles
In the wake of the 2008 financial crisis, efforts to separate the chair and CEO roles became flashpoints at the annual meetings of Goldman Sachs and other Wall Street giants...
Inflation may prove 'stickier' than expected, warns Goldman Sachs CEO David Soloman
While inflation has fallen considerably from a peak of 9.1% notched during June 2022, it remains above the Federal Reserve's 2% goal.
Goldman Sachs CEO throws cold water on Federal Reserve's 'soft landing' inflation expectations
“When I was on TV in Davos a month ago, the consensus was for seven interest rate cuts and I said, ‘Gee, I just don’t understand this,’” Solomon said.
Bank CEOs celebrate pay raises while junior bankers face another year of stingy bonuses
Bank bosses enjoyed pay hikes in 2023, while rank-and-file workers were handed another year of stingy bonuses, according to this week's round of earnings. Nowhere was that more evident than...
Longtime Goldman Sachs partners threaten to quit after committee snub: report
Two longtime Goldman Sachs partners have reportedly threatened to quit after they were passed over for a position on a top committee established under CEO David Solomon. Mark Sorrell, who...
Goldman Sachs CEO Solomon got 24% raise, made $31M in 2023 despite profit slump
Goldman raised Solomon's pay despite its 24% fall in profits last year as well as the bank's ill-fated foray into commercial lending.
Goldman Sachs CEO Solomon staying put, clouds succession path: report
Goldman Sachs CEO David Solomon has reportedly ramped up his involvement in the bank's day-to-day operations -- an apparent effort to quash speculation about his possible exit that muddies the...
Goldman Sachs shuffles management committee as two bankers exit: report
Goldman is also creating two new committees to help oversee investment banking and markets, the Journal's report added.
Top Goldman Sachs banker retires as CEO David Solomon makes clear he's not going anywhere
Jim Esposito, 56, who is credited with playing a major role in the merger of Goldman's investment banking and trading departments, will step aside.