© Reuters. FILE PHOTO: David Solomon, Chairman and CEO of Goldman Sachs, speaks at the 2022 Milken Institute Global Conference, in Beverly Hills, California, U.S., May 2, 2022. REUTERS/Mike Blake/File Photo
DUBAI (Reuters) – Goldman Sachs (NYSE:) CEO David Solomon said on Tuesday the world “nationalized fixed income markets” for 40 years and is in the process of privatizing them again, which “is disruptive.”
“If we have a significant recession in the U.S. or elsewhere in the world, we will work through that,” but it will take a variety of decisions and time to work through, he said, speaking on a panel at Saudi Arabia’s flagship investment conference FII.
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