David Solomon, chief executive of Goldman Sachs, when asked if accepting "Trump's potential strategic bitcoin reserve would affect the bank's process of dealing with cryptocurrencies," said: "We have discussed this many times and we have spent a lot of time on the underlying technology. We are leveraging and testing it to reduce friction in the financial system. This is very important. However, from a regulatory perspective, Goldman Sachs still cannot own, dominate or participate in bitcoin, "an...
David Solomon, Goldman's chief executive, said in an interview that the bank still could not own, dominate or participate in bitcoin from a regulatory perspective, saying: "If the world changes, you and I can discuss it." In response to whether Trump's potential strategic bitcoin reserves would affect the bank's handling of crypto, he said: "First of all, you know, we've talked about this many times, and the underlying technology is what we spend...
According to a report by Jin Ten, Goldman Sachs CEO Solomon said that he believes bitcoin poses little threat to the dollar.
Goldman Sachs CEO David Solomon noted at a recent Reuters conference that many regulated U.S. banks still do not have access to cryptocurrencies. "Everyone is guessing how the regulatory framework will evolve, but it's still unclear how the regulatory framework will evolve," Solomon added. Speculation is still ongoing about how long it will take for the first crypto bill to pass the House and Senate, as well as in front of Trump.
According to Reuters, Goldman Sachs CEO David Solomon predicted that the policies implemented after Trump took office are expected to add to the already improved capital markets, because people believe that the Trump administration will reduce regulation, and the market has already responded to the idea that the new administration will promote growth. Solomon said he had not spoken to Trump directly. In addition, several business executives and investors predict an increase in corporate deals in...
"Congratulations to Trump on winning the US presidential election," said Solomon, chief executive of Goldman Sachs. "The new administration will bring about policy changes that could be critical for businesses and clients."
Goldman Sachs Group plans to promote the highest number of partners since David Solomon took the helm of Goldman Sachs. The number of promotions to be announced this week is expected to exceed the 80 in 2022, according to people familiar with the matter. Less than 1% of Goldman Sachs employees are promoted to the ranks of partners every two years.
Goldman Sachs CEO Solomon: The U.S. economy has shown incredible resilience.
Goldman Sachs CEO Solomon: As the fall approaches, expect to see two, maybe even three, rate cuts from the Federal Reserve.
Goldman Sachs CEO Solomon said that as the fall comes, it is expected to see two, maybe even three, Fed rate cuts. The outlook for banks is slightly weaker, and I still think a soft landing is the most likely outcome. The current guess is that the Fed will drop by 25 basis points for the first time, but 50 basis points is still possible.