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Search resuls for: "Insider's Dakin Campbell"


3 mentions found


☆ Goldman Sachs' humbling U-turn on its consumer banking ambitions
  + stars: | 2022-10-19 | by ( Jeffrey Cane | ) www.businessinsider.com   time to read: +5 min
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.
☆ CEO David Solomon Is Restructuring Goldman Sachs Again
  + stars: | 2022-10-18 | by ( Michelle Abrego | ) www.businessinsider.com   time to read: +5 min
David Solomon is changing up Goldman Sachs divisions like he switches tracks. Goldman Sachs's third restructuring in four years comes as insiders have been questioning the direction that Solomon is taking the storied investment bank in. But first, read Dakin's rundown of who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon. The Swiss bank's investment bank chief Christian Meissner is also set to leave the company in the coming weeks. Keep updated with the latest business news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief.
☆ Goldman Sachs is going through a massive transformation under CEO David Solomon
  + stars: | 2022-05-16 | by ( Business Insider | ) www.businessinsider.com   time to read: +6 min
Goldman Sachs CEO David Solomon has been taken steps to transform the bank. Here's a rundown of other must-know news at Goldman, from struggles at its Marcus consumer bank to its return-to-office push, hires and exits. In November 2021, Goldman Sachs elevated 643 people to its 2021 class of managing directors, marking its largest class yet. Read more:Junior bankers in focusPeople enter and exit 200 West Street the Goldman Sachs building in New York. The going rate for investment-banking analysts on Wall Street, including Goldman Sachs, is now $110,000 before bonus, up from $85,000 pre-pandemic.
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