... [+]is likely to remain a tough problem for small and regional banks, according to David Solomon, CEO of Goldman Sachs, which thinks it can rely on economies of scale to ease its entry into the consumer end of the business after a rocky start.
“I have a sense that inflation is going to be stickier than the current market expectation,” Solomon said. “We’re watching the data like everyone else, but I think it's an uncertain time and a time to be cautious because we’re having such dramatic change in monetary policy after a very disruptive period of pandemic fiscal policy.”
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Source: CNBC - 🏆 12. / 72 Read more »