15 March 2024
Goldman Sachs’ CEO, David Solomon, is eyeing a prosperous 2024, banking on a surge in capital markets activity to drive gains. In his annual shareholder letter, Solomon highlighted the bank’s sharpened focus on its bread-and-butter: global banking and markets, along with asset and wealth management. He points out that the cost of capital has significantly risen, a shift markets are currently navigating, thanks to the end of lenient monetary policies.