Monkeys, I was going through this article on Bloomberg which wrote about Lloyd Blankfein's strategic moves post his treatment. Consumer bank initiative, increased lending through an online platform Marcus and other branding related activities have been mentioned but what is put in spotlight is his decision to continuously bolster the trading arm.
Some current and former partners, as well as members of the investment community, are less convinced. They worry Blankfein hasn’t done enough to adapt to slower economic growth and tougher capital rules that have handcuffed his traders.
The reporter also mentions that Blankfein has been slower than rivals to embrace possibilities for growth outside trading and investment banking. Considering that competing banks have scaled back on their trading businesses, do you think Blankfein's view will be vindicated down the lane? Wanted to know the community's views on this.
