• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
CEO of Goldman Sachs David Solomon participates in a panel titled "Empowering Women as Entrepreneurs and Leaders" at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. Elizabeth Frantz
CEO of Goldman Sachs David Solomon participates in a panel titled "Empowering Women as Entrepreneurs and Leaders" at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. Elizabeth Frantz
Home
Business
Finance

Goldman Sachs CEO Solomon pushes back against critics in CNBC interview

September 7th, 2023 | 21:13 PM BUSINESS Finance 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

US appeals court revives Signature Bank collapse lawsuit despite FDIC objection
Lyntris valued at $1.8 billion after shares fall in New York debut
EFG sells UK wealth management business Harris Allday to Canaccord
Monte dei Paschi board to discuss takeover defence options on Thursday
By Saeed Azhar, Lananh Nguyen

Goldman Sachs CEO David Solomon on Thursday responded to a string of critical comments in news reports in recent weeks, saying it was "not fun" to face personal attacks, according to an interview on CNBC.

"I don't recognize the caricature that is painted of me, and when I talk to colleagues and I talk to clients, they don't recognize it either," he said in the interview. "But that doesn't stop me from reflecting on anything that's said, and I always try to think about how I can do better."

His comments came after sources criticized Solomon's hard-charging leadership style and strategy in press reports.

Goldman Sachs is shedding its consumer businesses after its foray into retail banking flopped. It is also selling fintech firm GreenSky, after offloading most of its unsecured consumer loan portfolio and striking a deal to sell a part of its wealth business.

But the bank is keeping its core Marcus savings business, which Solomon said had over $130 billion in deposits.

The Wall Street giant's profit slumped 60% in the second quarter, missing estimates, as writedowns on its consumer businesses and real estate investments weighed on earnings.

Capital markets were improving, Solomon said. If initial public offerings, including for SoftBank Group's 9984.T Arm Holdings, go well, that may spur more activity, he said.

"I definitely do feel better about the capital markets," Solomon said in the wide-ranging interview. "If Arm and some of these other IPOs go well, you're going to see a meaningful increase in activity."

Confidence among corporate CEOs has improved, and that will likely lead to a pickup in mergers and acquisitions, Solomon said. But he cautioned the pace of activity could remain slow.

"The economy has been more resilient than what people expected, including me," Solomon said. "The sentiment that I'm hearing from CEOs broadly is, you know, it's time to get back at it."

U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged at its policy meeting this month.

Solomon also said U.S. regulatory proposals for stricter bank capital rules have "gone too far." The standards could hurt economic growth by prompting lenders to pull back, without making the banking system safer.

Banks are discussing the proposals with officials, he said.

U.S. regulators in July launched an ambitious effort that would order large banks to set aside billions more in capital to guard against risk.

The proposal to raise capital by 16% overall, put forward by a trio of U.S. bank regulators, would overhaul how banks measure the riskiness of their behavior, and in turn, how much capital they must hold as a cushion.

Solomon, who is a disc jockey in his spare time, was asked by CNBC if he would continue a hobby seen by some as too showy and out of step with the storied firm's culture.

"I am focused on Goldman Sachs," he said.

  • Topic
  • GOLDMAN SACHS
  • CEO/ (UPDATE 2, PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article US appeals court revives Signature Bank collapse lawsuit despite FDIC objection

Related Posts

Finance
August 19th, 2026

US appeals court revives Signature Bank collapse lawsuit despite FDIC ob...

Finance
August 19th, 2026

Lyntris valued at $1.8 billion after shares fall in New York debut

Finance
August 19th, 2026

EFG sells UK wealth management business Harris Allday to Canaccord

Finance
August 19th, 2026

Monte dei Paschi board to discuss takeover defence options on Thursday

Finance
August 19th, 2026

Alphabet raises $3.9 billion in inaugural Australian dollar bond

Finance
August 19th, 2026

Investors set sights on Swiss franc for popular carry trades after yen i...

The Wire
Aug 19th 6 h ago
Government

DOJ argues Comey novel shows he knew ‘86 47’ post was a thr...

Aug 19th 6 h ago
Business

Fed policymakers' inflation concerns increased at July meet...

Aug 19th 6 h ago
Sports

Swiss rider Poncini dies in Manx GP qualifying

Aug 19th 6 h ago
Business

Amazon plans drone delivery expansion to about 500 US local...

Aug 19th 6 h ago
Litigation

Abbott settles appeal over $495 million infant formula verd...

TRENDING ON FINANCETIME
Aug 19th, 2026 Sports

Mets' Jorge Polanco (ankle) to have season-ending surgery

Aug 19th, 2026 Sports

Reports: Phillies sign free agent LHP Nestor Cortes

Aug 19th, 2026 Business

US CFTC seeks comment on compute derivatives as AI demand grows

Aug 19th, 2026 Technology

Payments firm Stripe to buy AI developer platform OpenRouter

Aug 19th, 2026 Government

ABC says intimidation by Trump's FCC forced programming changes

Markets-Sectors
ENERGY -0.16%
FINANCIALS -0.62%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT