Goldman Sachs Group Inc's Chief Executive David Solomon said the company is considering 'strategic alternatives' for its consumer business after admitting to stumbles over the business.
and reined in its ambitions. The pullback on costs could help the bank to meet its efficiency targets.
Observers will focus on his plans to decrease Goldman's reliance on trading and investment banking, which can be whipsawed by market volatility.that weighed on profits last year. After a solid performance in recent years, Goldman's markets division could weaken in the short-to-medium term because "trading is a wild card," he said.
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