Goldman Sachs' challenges during Solomon's leadership
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David Solomon assumed the role of Goldman Sachs CEO in 2018, with a focus on diversifying the firm's business away from investment banking and trading.
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In 2022, Goldman Sachs faced significant challenges, with declining earnings, high-profile departures, and critical news articles highlighting the firm's difficulties.
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In the second quarter of 2023, Goldman Sachs recorded its lowest quarterly profit in three years, mainly due to difficulties in consumer banking and a broader industry decline in deals and trading.
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