Solomon Says New Capital Rules Have Gone Too Far
Portfolio Pulse from Bill Haddad
The CEO of Goldman Sachs, David Solomon, has expressed concerns that new capital rules have gone too far, potentially impacting the bank's operations.
September 07, 2023 | 8:33 pm
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Goldman Sachs could face operational challenges due to new capital rules, as per CEO David Solomon's comments.
The new capital rules, as criticized by Goldman Sachs' CEO, could potentially impact the bank's operations negatively. This could lead to a decrease in the bank's efficiency and profitability, which may negatively affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100