Third-quarter results from the big Wall Street banks are now behind us, and they were … pretty good, all things considered?
Goldman Sachs reported yesterday, and while it may not be the biggest nor the best bank (OK, No.
Trading and dealmaking made the reputation of the 153-year-old Wall Street firm, but the spotlight lately has been on its struggling consumer banking unit, Marcus.
The consumer business "doesn't make money at the moment," Solomon acknowledged, but he added: "The deposits are hugely valuable.
From Wall Street darlings to prey.