Goldman Sachs CEO Says There Are Reasons To Remain Vigilant, Citing Higher Bond Yields; Has Seen An Escalation Of Geopolitical Stresses Around The Globe; If Proposed Capital Rules Are Implemented, More Activity Will Move To Shadow Banks
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs CEO has expressed concerns over higher bond yields and escalating geopolitical stresses worldwide. He also warned that if proposed capital rules are implemented, more activity will shift to shadow banks.
October 17, 2023 | 1:40 pm
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Goldman Sachs could face challenges due to higher bond yields, escalating geopolitical stresses, and potential shift of activity to shadow banks.
The CEO's comments indicate potential risks for Goldman Sachs. Higher bond yields could impact the firm's borrowing costs. Escalating geopolitical stresses could affect global markets and the firm's international operations. Proposed capital rules could lead to a shift of activity to shadow banks, potentially reducing Goldman Sachs' market share.
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