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AdvertisementThe drama playing out within the upper ranks of Goldman Sachs is continuing to unfold, and CEO David Solomon's troubles with senior partners don't appear to be over yet. (Garcia's co-head of European investment banking, Anthony Gutman, is also said to have been named to the committee.) Bloomberg reported this week that Beth Hammack — a longtime Goldman partner, co-head of the global financial group, member of the management committee, and former CEO of Goldman Sachs Bank USA — is set to step down. And when Esposito broke the news last month of his imminent departure in a note to partners and clients, he wrote, wistfully, that he planned to "bleed Goldman Sachs forever." Are you a Goldman Sachs or Wall Street insider?
Persons: Goldman Sachs, David Solomon's, who's, Mark Sorrell, Gonzalo Garcia, Joshua Franklin, Arash Massoudi, Kim Posnett, Sorrell —, Sir Martin Sorrell, Stephan Feldgoise, Anthony Gutman, Sorrell, Gutman, Garcia, Goldman, Alison Mass, George Lee, Jim Esposito —, , Solomon, Adebayo, Beth Hammack —, Esposito, wistfully, Reed Alexander Organizations: Financial, IB, Reading, Goldman, Bloomberg, Goldman Sachs Bank Locations: Miami
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMassoudi: It feels like we're in a very fragile moment for the financial systemArash Massoudi, corporate finance & deals editor at the Financial Times, discusses the rescue of Credit Suisse by UBS, why bondholders will most likely be wiped out, and whether calm can be restored to the market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial Times: The piecemeal solution for SVB will likely be the path forwardFinancial Times' Arash Massoudi explains the latest developments on the SVB collapse.
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