Lloyd Blankfein, Goldman Sachs CEO, said he did not intend to discontinue the Bank's fixed income unit even after recording record losses in 2017.
"We have the right people to run the business, and despite all the attacks on Goldman, one thing is for sure - we do not lack talents!"
"We could do better with fixed returns"
"The US tax reform will make bank shares a very good investment and therefore we expect Goldman's ROE to rise to over 15% in 2018."
"If we are to be honest, we will not be able to achieve ROE (Return of Equity) of 30%, just before the crisis"
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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