Goldman Sachs mulls ‘strategic alternatives’ for consumer business after missteps


Source: theglobeandmail.com theglobeandmail.com

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Goldman Sachs CEO David Solomon speaks during the bank's Investor Day, in New York, on Feb. 28.BRENDAN MCDERMID/Reuters Goldman Sachs Group Inc’s GS-N Chief Executive David Solomon said the company is considering “strategic alternatives” for its consumer business after admitting to stumbles over the business. Solomon did not specify what those options would be. 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 investment bank will outline the path to profit for...