Commentary

Is Goldman CEO David Solomon safe for now?

The tide is turning for the bank, which may help its embattled leader

Tuesday 19 September 2023 at 16:51

Goldman Sachs Group appears to be hitting its stride again, a shift that may soon put to rest doubts about the leadership of chief executive David Solomon.

Capital market activity is returning after a sluggish year and half, giving the bank a chance to profit from its traditional investment banking business and taking the focus away from years of costly errors in consumer banking. Just this month, Goldman has been a lead underwriter on three major initial public offerings: Arm, Instacart, and Klaviyo — a natural spot for the firm to be in.