Goldman Sachs on target to meet medium,long-term growth goals: executive
Reuters
Published May 27, 2020 10:24AM ET
Updated May 27, 2020 10:35AM ET
NEW YORK (Reuters) - Goldman Sachs Group Inc (N:GS) President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus.
Waldron said the economic shutdown has caused some negative impacts, though, and the bank will be slowing down hiring plans for its private wealth management division and delaying the launch of a digital wealth management product.
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Written By: Reuters
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