Goldman Sachs CEO Solomon sees a 'pickup in capital markets activity' in the fall

09/09/2023 02:23
Goldman Sachs CEO Solomon sees a 'pickup in capital markets activity' in the fall

Goldman Sachs is betting big on small business. The bank is investing $100 million in small businesses in rural communities across the U.S., starting in Arkansas and North Dakota. Goldman Sachs Chairman and CEO David Solomon says the goal is to help small business owners who may not have the same access to resources that their counterparts in large cities due. When it comes to Goldman Sachs' (GS) business, Solomon admits it has been a "tough year for capital markets activity." There is some reason for optimism, with Arm and Instacart readying to make thier market debuts. If those go well, Solomon tells Yahoo Finance, it could create a "virtuous cycle of bringing some of the other IPOs that are in the wings waiting to market." "I do see a pickup in capital markets activity during the course of the fall," Solomon says, though it may not get back to normalized levels. Solomon says that right now, the bank is focusing on its investment banking and markets business and its asset wealth management business. Key video moments 00:00:05 Goldman Sachs small business investment 00:03:50 Solomon on investment banking, upcoming IPOs 00:05:25 Solomon discuss U.S.-China relations 00:06:37 Solomon on the consumer business 00:08:30 Solomon on some of the speculation surrounding Goldman Sachs and his leadership

Goldman Sachs is betting big on small business. The bank is investing $100 million in small businesses in rural communities across the U.S., starting in Arkansas and North Dakota. Goldman Sachs Chairman and CEO David Solomon says the goal is to help small business owners who may not have the same access to resources that their counterparts in large cities due.

When it comes to Goldman Sachs' (GS) business, Solomon admits it has been a "tough year for capital markets activity." There is some reason for optimism, with Arm and Instacart readying to make thier market debuts. If those go well, Solomon tells Yahoo Finance, it could create a "virtuous cycle of bringing some of the other IPOs that are in the wings waiting to market." "I do see a pickup in capital markets activity during the course of the fall," Solomon says, though it may not get back to normalized levels. Solomon says that right now, the bank is focusing on its investment banking and markets business and its asset wealth management business.

Key video moments

00:00:05 Goldman Sachs small business investment

00:03:50 Solomon on investment banking, upcoming IPOs

00:05:25 Solomon discuss U.S.-China relations

00:06:37 Solomon on the consumer business

00:08:30 Solomon on some of the speculation surrounding Goldman Sachs and his leadership

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