Deals
Goldman CEO Says His Firm Doesn’t Need a Deal Like E*Trade
- Solomon is ‘always looking’ at deals, bar is ‘extremely high’
- Recent partner turnover hasn’t surpassed expectations, he says
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David Solomon says he isn’t feeling any pressure from Morgan Stanley’s latest move.
Goldman Sachs Group Inc. doesn’t need an acquisition on the scale of its rival’s $13 billion purchase of E*Trade Financial Corp., the bank’s chief executive officer said at an investor conference Thursday. Solomon said competitors’ actions won’t influence his strategy as he seeks growth through a series of ventures in new businesses.