After the announcement that David Solomon will be the new company CEO, the leading global investment group Goldman Sachs has sparked a lot of discussions among traders, analysts, and experts. According to many, the era of Lloyd C. Blankfein as the CEO is now over, and with that a lot of bad times (especially because of the dicey recession of the late 2000s).
Mr. Solomon, on the other hand, is not the usual investment banker time. As such, investors expect him to shake up business as usual, according to the New York Times. He even works as a DJ in his free time and loves electronic dance music.
According to David Solomon, Goldman must “evolve the business and adapt to the environment” if it wants to stay competitive. Ironically, this is what the previous CEO was mainly criticized for.
However, despite Blankfein’s actions, Goldman Sachs saw a great year- smashing the revenues and profits. As reported by CNBC, Goldman’s profits in Q2 increased by 40% – or $2.47 billion.
Currently, Goldman Sachs’ stance on crypto is positive. The investing giant backs many companies in the crypto space, one of which is the payment company Circle – and the main platform behind several large exchanges and startups.
Right now, it seems that Goldman Sachs plays their cards close to their chest, without revealing anything. However, the recent announcement has certainly given the company a massive advantage and received the likes of many crypto followers and traders.
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