NEW YORK, Feb 28 (Reuters) – Goldman Sachs Group Inc’s (GS.N) Chief Executive David Solomon said the company is considering "strategic alternatives" for its consumer business after stumbles led to billions of dollars in losses. Solomon did not specify what those options would be. Goldman has already halted unsecured lending, a portfolio that could be sold. Its Marcus consumer business was folded into the company’s merged asset and wealth management arm last year, and its newly-formed Platform Solutions unit houses transaction banking, credit cards and a fintech platform, GreenSky. Advertisement · Scroll to continue Solomon’s comments, which were reiterated by company president John Waldron and Stephanie Cohen, global head of Platform Solutions, signal a further retreat from its Main Street ambitions. Register for free to Reuters and know the full story The bank will aim to grow fees from asset and wealth management and try to make profits from a newly-created fintech unit as it laid out its priorities at the start of its second investor day. The bank restated a longer-term target for return on tangible equity of 15% to 17% "through the cycle" and said it had "significant" room to grow market share for wealth management in […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
