GS Jun 2024 395.000 call
- Yahoo Finance Video
JPMorgan's Dimon, Goldman's Solomon voice concerns on economy
In recent interviews, JPMorgan Chase (JPM) CEO Jamie Dimon believes a hard-landing scenario for the US economy is still possible while Goldman Sachs (GS) CEO David Solomon expects the Federal Reserve will keep interest rates higher for even longer based on AI efficiencies. Yahoo Finance's The Morning Brief report on these Big Bank reactions after the release of May's FOMC meeting minutes and what these comments say about overall confidence for the Fed's 2% inflation target For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Reuters
Goldman Sachs picks insiders to co-run German, Austrian investment banking
BERLIN (Reuters) -Goldman Sachs has chosen Jens Hofmann and Tibor Kossa, both working for the bank, as new co-heads of its Germany and Austria investment banking business, one of the top U.S. banks said in a memo seen by Reuters on Thursday. Hofmann joined the company in 1994 as an analyst and was promoted to managing director in 2004, while Kossa joined in 2018 as managing director and worked as co-head of M&A in Germany and Austria until recently. Christopher Droege, who shared leadership of M&A with Kossa, will now become sole head of M&A for Germany and Austria.
- Yahoo Finance
Some Fed officials willing to raise rates if needed: Meeting minutes
Fed officials said at their last policy meeting that rates would likely stay higher for longer if inflation readings continued to disappoint, while some policymakers discussed their willingness to raise rates if needed.
