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...Solomon had high hopes for Goldman’s Marcus-branded consumer project, which started in 2015 under his predecessor, Lloyd Blankfein....
...has pushed to make Goldman operate more like the Fortune 50 company it has become, rather than a looser collection of different businesses operating with more autonomy that it was under his predecessor Lloyd...
...At Goldman, he was a key lieutenant to Lloyd Blankfein, Solomon’s predecessor as chief, in the aftermath of the 2008 financial crisis as the bank weathered public criticism for its role in fuelling and profiting...
...Lloyd Blankfein, the former Goldman CEO and DuVally’s old boss, became an early advocate in corporate America of gay marriage, a move he later said had cost the bank business....
...The second shareholder was forgiving of what is widely seen as Solomon’s biggest strategic mistake — an ill-fated foray into retail banking that started under previous CEO Lloyd Blankfein....
...Former chief executive Lloyd Blankfein and his number two, Gary Cohn, both started their careers in commodities, bringing a hard-charging style from the sector, which came to dominate the bank’s old white-shoe...
...Montag rose to be global co-head of sales and trading but left Goldman at the end of 2007 after losing out to Gary Cohn and Jon Winkelried in a promotion race to become co-president of the group under Lloyd...
...Lloyds Banking Group will appoint Nathan Bostock as a non-executive director from August. He is a former chief executive of Santander UK. He will replace Alan Dickinson....
...Wall Street history is littered with bitter succession battles, including at Goldman Sachs where David Solomon won out over co-president Harvey Schwartz to take over from Lloyd Blankfein in 2018....
...A sale would amount to the starkest admission so far that Goldman has stumbled in its attempt to build a consumer business, an effort that began under former chief executive Lloyd Blankfein before being...
...“I generally don’t second guess what someone should or shouldn’t have seen when I have the benefit of hindsight,” says Lloyd Blankfein, who was chief executive of Goldman Sachs during the 2008 crisis....
...He departed Goldman five years ago after losing out to David Solomon in a contest to take over from Lloyd Blankfein as CEO of the company....
...The biggest black mark on Solomon’s efforts to transform Goldman was his expansion of the consumer banking business, a project that started under predecessor Lloyd Blankfein with the Marcus savings account...
...He was then promoted to chief financial officer and was considered a candidate to lead the firm after the retirement of Lloyd Blankfein....
...Solomon admitted Goldman had “tried to do too much too quickly” in retail banking following its first foray into the business in 2016 under previous chief executive Lloyd Blankfein....
...May 24 to 30; further information and tickets here ‘Sunset Boulevard’, Princess Theatre Melbourne A new production of Andrew Lloyd Webber’s musical starring Sarah Brightman (the original Christine in The...
...Joshua Franklin Lloyd’s . . . Lloyd Blankfein’s legacy at Goldman Sachs really was steering Goldman through the financial crisis in pretty decent health....
...Goldman’s retail banking expansion was much ballyhooed when it launched in 2016 under its previous chief executive, Lloyd Blankfein, but that fanfare resulted in intense scrutiny from investors and within...
...In 2014, Lloyd Blankfein, Solomon’s predecessor as chief executive, declared that Goldman was “a technology firm”....
...Former Goldman Sachs chief executive Lloyd Blankfein has warned corporate America and US consumers to be prepared for a recession as the Federal Reserve tightens policy to combat high inflation....
...Additional reporting by Joshua Franklin in New York and Kaye Wiggins in Hong Kong...
...Solomon ploughing billions of dollars into businesses such as consumer banking, asset management and transaction services, little has changed in Goldman’s revenue mix since the days of his predecessor, Lloyd...
...ETF comes a day after the Edinburgh-based group said 2022 was “one of the toughest investing years in living memory”, with outflows tripling to £10.3bn, even stripping out a large planned redemption by Lloyds...
...Additional reporting by Joshua Franklin and Stephen Gandel in New York...
...Additional reporting by Emma Dunkley, Siddharth Venkataramakrishnan, Harriet Agnew, Stephen Morris and Joshua Franklin...
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