Goldman Sachs CEO David Solomon, who also works as a dance-club DJ, has hung up his headphones following a flurry of criticism that his side gig is distracting to the investment bank’s busine…
Goldman Sachs exec reportedly regrets Apple savings account, wants out of ‘this f–king thing’Goldman Sachs in talks to sell home improvement lender to investment group at steep loss: report
The 61-year-old financier has been spinning records since 2015 — three years before he was named top dog at Goldman. The bank on Tuesday reported a 33% profit drop in the most recent quarter, weighed down by the bank’s $3 billion loss on its consumer-baking ventures over the past three years, as well as a $506 million writedown on GreenSky.Solomon, 61, has been DJing since 2015, though he recently hung up his headphones over backlash that his hobby was distracting from the investment bank’s business.Goldman spokesperson Tony Fratto downplayed his boss’ pastime. “This is not news.
Reports recently revealed that an unnamed Goldman partner bashed the firm’s buzzed-about partnership with Apple. Though the iPhone maker’s foray into commercial banking started off as a smashing success — pulling in $1 billion in deposits within days of its launch — Goldman has since reportedly been looking to offload the partnership to American Express or let Apple take more ownership of the collaboration, according to The Journal. at a steep loss after just one year of owning the platform. Goldman will offload the asset to investment firm Sixth Street for some $500 million, according to The Journal.
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