Goldman Sachs, one of Wall Street’s leading financial institution has recently made it clear that it has no intention or plans in place for a crypto trading desk.The bank’s stance was confirmed by its CEO David Solomon.
Goldman Sachs CEO Refutes False Claims
Solomon took time to refute claims made by any media report suggesting that the bank is looking to create a crypto reading desk. The CEO made his remarks before the United States House of Representatives Financial Services Committee on April 10, during a hearing which was titled “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis.”
A previous report from top news media such a Bloomberg in December 2017, that Goldman Sachs’ alleged that the bank has plans to create a crypto-focused unit by the end of June 2018. Going by the CEO remarks, these reports are all “fake”.
This is not the first time a key executive of the bank will be refuting this claim. Some few days after the fake news was published…