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...David hasn’t publicly DJed an event in well over a year, which we have confirmed multiple times in the past. “Music was not a distraction from David’s work....
...I don’t think what has happened [at Credit Suisse was] about [needing] more capital,” he added....
...“It’s a lot of promises to too many people and they can’t follow through on everything,” said one former Goldman investment banker....
...“When I was on TV in Davos a month ago, the consensus was for seven interest rate cuts and I said, ‘Gee, I just don’t understand this,’” Solomon said....
...Amber in ‘t Veld, Sura Solomon and Marieke Werner harmonise in murmurs as if a fraction of an inch from the listener’s ear; Werner’s clarinet produces slow klezmer curlicues; guitar and ukulele thrum quietly...
...In a separate note to clients announcing his departure, Esposito wrote that he had recently had “a feeling of merely going through the motions which isn’t in my DNA nor what makes this place special”....
...The Economist sums up the hurt feelings by declaring that “Goldman Sachs has a David Solomon problem”. I don’t quite know how much credence to give all this....
...And shareholders won’t be too fussed, either. Goldman Sachs stock has outperformed its peers under David Solomon’s reign....
...Further reading: Can David Solomon DJ? An investigation...
...When Solomon publicly threw in the towel on the consumer business in 2022, he prioritised wealth and asset management....
...DD won’t rush into making another Goldman prediction. In fact, there are some big financial incentives for Solomon to hope that the status quo can hold for now....
...“You can’t make a decision based on a series of newspaper stories, but a series of newspaper stories puts you on notice that something may be wrong.”...
...But I do think when you have an environment where you have 0 to 1 per cent growth and inflation is 3.5 to 4 per cent, that wouldn’t technically be a recession....
...This was a huge turnaround for Goldman, which has had a tough 12 months under chief executive David Solomon....
...“We may see things way before anybody else sees them and you can work through unique situations that don’t end up in auction processes.”...
...They should accept they don’t know how to expand the business and hire a big cheese.”...
...Morgan Stanley maintains that it didn’t know who was behind the trades when it made the margin call. Ashley alleges the bank’s motivation for the move was simple: it doesn’t like him....
...The meeting will be focused on improving EU competitiveness and how to deepen integration of the bloc’s single market Solomon Islands: Parliamentary elections Thursday China: Beijing international film...
...Beyond Barclays, the banking summit delivered plenty of news with a start-studded line up that included Goldman Sachs chief executive David Solomon (just don’t talk about his DJing), UBS chair Colm Kelleher...
...Though the latest edition of Davos was jammed, one institution that didn’t make it to this year’s event was Credit Suisse....
...But I just don’t see it yet,” he says....
...“All of a sudden we weren’t decentralised,” said Darren Cohen, co-head of growth equity. “We have a structure that can compete.”...
...The person I went to see in County Hall was Rachel Solomon Williams, head of the Aldersgate Group green business alliance....
...“While we want the system to be safe and sound I think these rules go way too far” if implemented in their current form, Solomon said....
...We followed up with a subsequent report about how its partners and managing directors aren’t feeling the love from Goldman chief David Solomon....
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