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Goldman's Solomon: Undoing 40 years of 'nationalized fixed income' disruptive

Published 10/25/2022, 04:11 AM
Updated 10/25/2022, 04:16 AM
© Reuters. FILE PHOTO: David Solomon, Chairman and CEO of Goldman Sachs, speaks at the 2022 Milken Institute Global Conference, in Beverly Hills, California, U.S., May 2, 2022.  REUTERS/Mike Blake/File Photo

DUBAI (Reuters) - Goldman Sachs (NYSE:GS) CEO David Solomon said on Tuesday the world "nationalized fixed income markets" for 40 years and is in the process of privatizing them again, which "is disruptive."

"If we have a significant recession in the U.S. or elsewhere in the world, we will work through that," but it will take a variety of decisions and time to work through, he said, speaking on a panel at Saudi Arabia's flagship investment conference FII.

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