Goldman to name David Solomon as CEO early this week

Goldman Sachs is expected to name David Solomon as its next chief executive officer early this week, according to the New York Times.

When Goldman Sachs CEO Lloyd Blankfein hands off to heir apparent David Solomon in the coming months, it will be the investment bank's first change in leadership since 2006. As trading revenues have declined across Wall Street, Goldman in recent years has been relying more on investment banking and asset management for its growth prospects and has even delved into consumer lending. He once joked that he would die at his desk as he was unlikely to be called on by the government to take up a role in...

Bank of America Merrill Lynch announced second-quarter adjusted earnings of $0.63 a share Monday morning, a 43% jump from past year.

Solomon, who is an electronic dance music disc jockey during his spare time, has noted that employee diversity is one of his priorities at Goldman Sachs.

With Blankfein in charge, Goldman became a profit powerhouse, with the onetime commodities salesman steering the company through the worst financial crisis in 80 years. Analysts had expected adjusted earnings of $0.57.

Solomon, who joined the investment bank as a partner in 1999, now serves as the president and chief operating officer of the company.

Now the company has to prove to shareholders and the world that it can overcome its corporate challenges and focus on growing as a company.

Related News:

  • French soccer team gets hero's welcome in Paris

    French soccer team gets hero's welcome in Paris

    There were 292 people arrested nationwide and isolated clashes between police and rowdy crowds in Paris, Lyon and Marseille. According to local media, one man died by jumping into a shallow canal in the eastern city of Annecy.

    Trump sits down with Putin after denouncing past U.S. policy on Russian Federation

    Trump reached out to shake Putin's hand, before the media were ushered out. Trump says he hopes for better relations with the Russian leader.
    Brewers, Phillies Appear To Be Favorites For Machado

    Brewers, Phillies Appear To Be Favorites For Machado

    But what fun is that?! Joe Giglio of WIP is reporting that Machado will be traded to the Phillies on Wednesday morning. Machado is in the midst of a great season with Baltimore, batting.315 with 24 home runs, 65 RBIs and a.963 OPS.
  • Usain Bolt secures trial contract with A-League side Central Coast Mariners

    The team was co-coached by Eric Cantona and Harry Redknapp, who previously served as an "advisor" to the Mariners in 2016. The fastest man in history has joined Central Coast Mariners, in Australia's top league.

    Putin summit opens without talk of election meddling

    We are going to negotiate arms treaties and talk out our differences as Ronald Reagan did with Mikhail Gorbachev. European allies have freeloaded off USA defense while rolling up huge trade surpluses at our expense.
    In Pics: Nag With Alia & Ranbir - Movie News

    In Pics: Nag With Alia & Ranbir - Movie News

    Ayan (film's director Ayan Mukerji) will never make a character that doesn't have truth to it, or which is unbelievable. I think my last Hindi film was Mahesh Bhatt's directorial venture "Zakhm" in which Pooja Bhatt played the lead role.
  • UK's May survives Parliament Brexit rebellion, but loses another minister

    UK's May survives Parliament Brexit rebellion, but loses another minister

    She joined fellow Tory rebel Phillip Lee, who resigned as a justice minister to oppose the Government on Brexit. Brexit negotiations officially began in June 2017 and are expected to be completed by the end of March 2019.
    MLB Home Run Derby: Participants, Format, Odds & More

    MLB Home Run Derby: Participants, Format, Odds & More

    With the clock dwindling in the final minute of the 2018 Home Run Derby finals, Bryce Harper looked to be in serious trouble. The format has batters face off against each other in timed competitions to see who can hit the most home runs.
    Love Island Fans Spot 'Random Man' Swimming In The Villa Pool

    Love Island Fans Spot 'Random Man' Swimming In The Villa Pool

    Their fellow Islanders were absolutely aghast at their decision, with Alexandra uttering: 'Fucking unbelievable'. She fumed: "I don't feel how my fellow Islanders feel me and Sam haven't been real with each other".
  • Inspect all child care homes run by Missionaries of Charity: Maneka Gandhi

    Inspect all child care homes run by Missionaries of Charity: Maneka Gandhi

    Headquartered in Kolkata in eastern India, the charity runs several institutions across the country. Kumar explained that even when the order did process adoptions, it never accepted money for them.

    Ladies of London Star Annabelle Neilson Dead

    Neilson appeared on seasons one and two of " Ladies of London ", announcing her departure from the series in November 2015. Annabelle Neilson , best known for starring in Bravo's now-cancelled reality show " Ladies of London ", died on Thursday.

    Watch Free Clips - Sacha Baron Cohen's 'Who Is America'

    The segment is led by one of Cohen's new characters for the series, a fake Israeli "anti-terror expert" called Col. Erran Morad, who introduces a fake program, "Kinderguardians", which would arm children as young as three.


Most liked

Five miners killed in fire at South African copper mine
The bodies of three mine workers were later recovered from the chamber, the union said. "The search for one employee continues". The fire is reported to have been extinguished, but temperatures are still in excess of 50 degrees Celsius in parts.

Ofcom issues verdict on Love Island 'emotional distress' concerns
Caroline tempts them by revealing that four new contestants - two boys and two girls - will arrive in the villa tonight. The decision didn't end up sitting too well with Dani, who has been one of G's biggest supporters up until this point.

Amazon Prime Day 2018's Best Gaming Deals
Shoppers who spend more than $100 on Target's website will get a free six month membership for same day delivery via Shipt. However, before you click on the purchase button, you might want to check if the same product is available on eBay first.

Under the continental plates are 1000 trillion tons of diamonds
The number they came up with was 10 tons of diamonds, or more than 1,000 times more than previously thought. Vibrations from earthquakes and tsunamis tend to speed up when passing through cratonic roots.

Nokia X5 could be officially introduced on July 17
After the July 11 event was cancelled for unspecified reasons , the Nokia X5 will now be launched tomorrow (July 18). An older report suggested that the price of the Nokia X5 could exactly be set at CNY 799 (roughly Rs. 8,200).

Google Phone app on Android can auto-filter spam calls to voicemail
All calls that the app identifies as spam will be redirected to your voicemail and you won't even be notified about it. If you have the aforementioned filter turned on, you'll never receive a notification that this number is calling you.

Murphy's big hit helps Nationals beat Mets 6-1
The Mets will end a pair of ignoble streaks if they can win a third straight game on Sunday. "That's really going to help us". Nationals: Martinez said Strasburg (6-6, 3.46 ERA) could return to the rotation Friday night at home against Atlanta.

Activists land funds to fly 'Trump baby' blimp in US
President Donald Trump is flown as a protest against his visit, in Parliament Square in London, England, Friday, July 13, 2018. An undated stock photo of Central Park in NY .

Dr M disappointed over cool response to second national auto
He said foreign cars monopolised the auto market in Malaysia to the point that Proton is "buried" and sold off to foreign entities.

Rugrats Revived with New TV Series, Live-Action Movie
Cue that Mark Mothersbaugh theme song and get out your favorite Reptar plushy: Nickelodeon's Rugrats are back on the playmat! The in-the-works Rugrats movie marks the tots' first time back on movie screens since the release of Rugrats Go Wild in 2003.

International Monetary Fund lowers India’s growth projection to 7.3% in 2018
The Fund had noted in April that China's steadily slowing growth improved to 6.9pc - the first such growth since 2011. Maurice Obstfeld, Economic Counsellor and Director of the Research Department at the International Monetary Fund .

Rita Bhaduri passes away at 62
Actress Shiwani Chakraborty of " Nimki Mukhiya " said: "For the past two months, she was not keeping well". Actor Shishir Sharma took to his Facebook account to share the news of Rita's demise.

Panos Panay puts the kibosh on an immediate Surface Phone release
In an interview with Wired, Microsoft's Surface head Panos Panay confirmed that the company is working on new form factors. Launching a traditional smartphone does not align with this strategy and has not worked will with Microsoft in the past.

Pakistan beat Zimbabwe by nine wickets in second ODI
They are now leading the five-match series 2-0 as they earlier defeated the hosts by a huge margin of 201 runs in the first ODI . Zimbabwe briefly rallied during a 62-run partnership between Masakadza and Tarisai Musakanda, but that was their best stand.

8 endangered black rhinos die in Kenya
The more salty water the rhinos drank, the thirstier they became, leading to a vicious cycle, the ministry reported on July 13. Prominent Kenyan conservationist Paula Kahumbu of WildlifeDirect calls the loss of the rhinos "a complete disaster".