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Search resuls for: "skeptically"


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☆ Analysis: Goldman Sachs' consumer pivot solves one question, but makeover raises more
  + stars: | 2022-10-19 | by ( Lananh Nguyen Saeed Azhar | Lananh Nguyen | Saeed Azhar | ) www.reuters.com   time to read: +6 min
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File PhotoNEW YORK, Oct 19 (Reuters) - Goldman Sachs Group Inc's (GS.N) strategy pivot has solved one problem for investors who didn't love its foray into consumer banking. Solomon's response: Goldman Sachs is focusing on its fundamental operations while maintaining its financial targets. "Ultimately the investment banking business is a great business, it has always done well," he said. "While the consumer strategy has been successful in generating deposits for Goldman Sachs, its expansion has also been costly in terms of operating expenses and provisions.
☆ I was in El Salvador, where bitcoin was accepted everywhere. Here's why their risky crypto experiment just might work.
  + stars: | 2022-03-16 | by ( Alex Kantrowitz | ) www.businessinsider.com   time to read: +5 min
Bitcoin enthusiasts are waiting to see if if the bitcoin experiment will succeed, or tragically implode. Right after I hopped out the back of a pickup in El Zonte, El Salvador, I recognized I wasn't in an ordinary beach town. The bitcoin movement in El Salvador began in El Zonte when a California surfer named Mike Peterson received an anonymous $100,000+ bitcoin donation for the town's residents. For bitcoin's true believers, there's a ton riding on the El Salvador experiment. El Salvador's bitcoin experiment may not work, it could implode, but there's a chance it succeeds, and that makes it worth trying.
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