Goldman CEO claims asset management is the new expansion motor, will find out from bungled buyer energy

Goldman CEO claims asset management is the new expansion motor, will find out from bungled buyer energy


Essential Details
  • Goldman Sachs CEO David Solomon said asset management and wealth management would be the growth motor for the lender immediately after his efforts in purchaser banking went awry.
  • He also acknowledged that the agency failed to “execute very well” on elements of his customer thrust, but included that administration would replicate and study from the episode.
  • Goldman was scheduled to hold its next-ever investor day later Tuesday.



Supply

Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade
Finance

Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade

ETF Edge Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade Published Sat, Jan 17 202610:28 AM EST Krysta Escobar WATCH LIVE Source

Read More
Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks
Finance

Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

Key Points Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week. At least one major credit card issuer and […]

Read More
Stocks making the biggest moves midday: Novo Nordisk, Vistra, GE Vernova, Regions Financial and more
Finance

Stocks making the biggest moves midday: Novo Nordisk, Vistra, GE Vernova, Regions Financial and more

Check out some of the companies making headlines in midday trading: Novo Nordisk — The maker of the Wegovy obesity treatment jumped more than 4% as sales of its oral weight loss treatment got off to a strong start. In the first week of its launch, about 1.3% of Wegovy prescriptions were for the oral […]

Read More