"There's no question that the real estate market, and in particular commercial real estate, has come under pressure," he said in the interview on CNBC's"You'll see some impairments in the lending that would flow through our wholesale provision" this quarter.
On top of Goldman's lending activities, it also took direct stakes in real estate as it ramped up its alternative investments in the last decade, Solomon said. While the write-downs are "definitely a headwind" for the bank, they are "manageable" in the context of Goldman's overall business, he said.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »