Connect with us

Hi, what are you looking for?


Goldman Sachs considering expanding bitcoin operations further

Goldman Sachs is exploring a possible expansion of its invol..

Goldman Sachs is exploring a possible expansion of its involvement in bitcoin beyond clearing derivatives for clients, according to its chief operating officer.

David Solomon today said the bank was “cautious but exploring those activities”, in an interview with Bloomberg TV.

In May the bank said it will launch a bitcoin trading desk, shortly after it hired a head of digital assets to examine the sector.

Read more: Goldman Sachs to open bitcoin trading desk as it wades into crypto world

Goldman currently offers institutional clients access to bitcoin futures launched by US exchanges CME Group and CBOE at the end of last year, as a the mania around crypto assets reached its peak.

Solomon, who is seen by analysts as the primary contender to succeed Lloyd Blankfein as the chief executive of the firm, was speaking in China as the firm announced the hire of a new co-head of the investment bank in the country.

Cai Wei is the firms first external hire at the partner level in China, in a signal of Goldmans intent in the worlds second largest economy. He was previously a partner at private equity firm Fountainvest, and a top China banker at UBS, according to an internal memo.

The banks leadership has been “encouraged” by messages given by Chinas leadership on opening access to the market, Solomon said.

Read more: Goldman Sachs targeting £109bn Lloyds investment fund

The bank currently runs a third of a joint venture in China, but new liberalisation of rules will allow it to take a majority ownership of 51 per cent followed by a 100 per cent shareholding for the first time.

“We see the opportunity here in China to be quite significant,” Solomon said. The large and fast-growing market has seen little penetration from foreign financial services, with Goldmans burgeoning wealth management arm a particular focus.

However, Solomon echoed warnings from business leaders and economists around the world that a tariff dispute which currently has the makings of a trade war threatens to damage the global economy.

“Theres no doubt that the level of friction is escalating,” Solomon said. “Everyones hopeful, because this relationship [between the US and China] is so important.”

Read more: Goldman Sachs: The case for owning commodities has "rarely been stronger"



  1. slot

    August 15, 2021 at 4:56 am

    Hello are using WordPress for your site platform? I’m new to the
    blog world but I’m trying to get started and set up my own.
    Do you need any html coding expertise to make your own blog?
    Any help would be greatly appreciated!

  2. หวยเวียดนาม

    January 11, 2022 at 7:04 pm

    I’m very pleased to discover this website. I wanted to thank you for your
    time for this particularly wonderful read!! I definitely enjoyed every bit of it and I have you book marked to
    look at new things on your website.

    Can I simply just say what a comfort to discover somebody
    that actually knows what they are talking about on the
    web. You definitely know how to bring an issue to light and make it important.
    More people have to check this out and understand this
    side of your story. I was surprised that you’re not more popular because you certainly have the gift.

    Very nice write-up. I certainly appreciate this site.

    Keep writing!

    It’s difficult to find educated people on this subject, however,
    you seem like you know what you’re talking about!

    You should be a part of a contest for one of the highest quality websites on the net.
    I most certainly will highly recommend this website!

    An intriguing discussion is worth comment. I do think that you should
    publish more about this subject, it might not be a taboo matter but generally folks don’t talk about such issues.
    To the next! Kind regards!!

    Hello! I simply want to offer you a big thumbs up for your great info you’ve got here on this post.
    I am coming back to your website for more soon.

    When I originally commented I appear to have clicked
    the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get
    four emails with the same comment. Is there an easy method you can remove me from that service?
    Thanks a lot!

    The very next time I read a blog, I hope that it doesn’t fail me as much as this particular one.
    I mean, I know it was my choice to read through, nonetheless I
    really thought you would have something useful to talk about.
    All I hear is a bunch of moaning about something you could fix if you were not too busy
    looking for attention.

    Spot on with this write-up, I actually believe that this
    site needs much more attention. I’ll probably be back again to read through more, thanks
    for the information!

    You’re so awesome! I do not think I’ve truly read
    through something like this before. So good to discover someone with genuine thoughts on this topic.
    Seriously.. thanks for starting this up. This website is something that is required on the web, someone with a bit of originality!

    I really like reading a post that can make men and
    women think. Also, many thanks for allowing me to comment!

    Right here is the right webpage for anyone who hopes to understand this
    topic. You realize so much its almost tough to argue with you (not that
    I actually will need to…HaHa). You definitely put a fresh
    spin on a topic which has been discussed for decades. Wonderful stuff,
    just wonderful!

    Aw, this was an exceptionally good post. Finding the time and actual effort to make a good article… but
    what can I say… I procrastinate a lot and don’t manage to get nearly
    anything done.

    I’m amazed, I have to admit. Rarely do I come across a blog that’s both educative and interesting, and let me tell you,
    you have hit the nail on the head. The problem is something not enough people are speaking intelligently about.
    Now i’m very happy I found this during my hunt for something concerning this.

    Oh my goodness! Incredible article dude! Thank you, However I am having problems with
    your RSS. I don’t understand the reason why I
    cannot subscribe to it. Is there anybody getting the same RSS problems?
    Anyone that knows the answer can you kindly respond? Thanx!!

    An outstanding share! I’ve just forwarded this onto a coworker who had been doing a little homework on this.
    And he actually bought me dinner due to the fact
    that I discovered it for him… lol. So allow me to reword this….
    Thank YOU for the meal!! But yeah, thanx for spending some time to discuss this issue here on your web page.

    After looking over a few of the blog posts on your site, I seriously
    appreciate your way of blogging. I added it to my bookmark site list and will be checking back soon. Please check out my website as well and let me know how
    you feel.

    This excellent website really has all of the info I needed
    about this subject and didn’t know who to ask.

    There is definately a great deal to find out about this topic.
    I like all of the points you have made.

    You’ve made some really good points there. I checked on the net to find out more about the issue and found
    most people will go along with your views on this site.

    Nice post. I learn something totally new and challenging on sites
    I stumbleupon on a daily basis. It’s always exciting to read through content from other authors and use a little something from their web sites.

    I blog quite often and I truly appreciate your content.
    This article has truly peaked my interest. I’m going to take a note of your website and keep checking for new information about once a week.
    I subscribed to your Feed too.

    Pretty! This was an incredibly wonderful article. Thank you for
    providing this information.

    Greetings! Very helpful advice in this particular article!
    It is the little changes that produce the biggest changes.
    Thanks for sharing!

    Howdy! This article couldn’t be written any better!
    Looking at this post reminds me of my previous
    roommate! He always kept preaching about this. I most certainly will send
    this information to him. Fairly certain he will
    have a good read. Thank you for sharing!

    Howdy, I do think your blog might be having internet browser compatibility issues.
    When I take a look at your site in Safari, it looks fine but
    when opening in I.E., it has some overlapping issues.
    I simply wanted to give you a quick heads up! Apart from that, fantastic site!

    Having read this I believed it was extremely enlightening.

    I appreciate you finding the time and effort to put this short article together.
    I once again find myself personally spending a significant amount of time
    both reading and posting comments. But so what, it was still worthwhile!

    Hello! I could have sworn I’ve visited this site before
    but after going through many of the articles I realized it’s new to me.
    Anyhow, I’m definitely delighted I came across it and I’ll be
    bookmarking it and checking back frequently!

    I needed to thank you for this very good read!! I definitely loved every little
    bit of it. I’ve got you book marked to look at new stuff you post…

    Hi, I do think this is a great blog. I stumbledupon it 😉 I am
    going to come back once again since I saved as a favorite it.
    Money and freedom is the greatest way to change, may you be
    rich and continue to help others.

    Your style is very unique in comparison to other folks I have read stuff from.
    Thanks for posting when you have the opportunity, Guess I will
    just bookmark this page.

    I was able to find good info from your articles.

    Very good post! We will be linking to this great post on our
    website. Keep up the great writing.

    This is a very good tip particularly to those new to the blogosphere.
    Brief but very precise information… Appreciate your sharing this one.
    A must read post!

    I could not refrain from commenting. Well written!

    bookmarked!!, I love your web site!

    Very good post. I am going through many of these issues as

    Way cool! Some extremely valid points! I appreciate you penning this write-up plus the rest
    of the website is really good.

    Good site you’ve got here.. It’s hard to find quality writing like yours
    these days. I truly appreciate individuals like you!
    Take care!!

    This is a topic that’s close to my heart… Take care!
    Where are your contact details though?

    I truly love your website.. Very nice colors & theme.
    Did you create this web site yourself? Please reply
    back as I’m wanting to create my very own website and
    would like to know where you got this from or what the
    theme is called. Many thanks!

    I really like it when individuals get together and share views.
    Great site, keep it up!

    Very good information. Lucky me I ran across your website by chance (stumbleupon).

    I’ve book-marked it for later!

    This site was… how do I say it? Relevant!! Finally I’ve found something which helped me.
    Thanks a lot!

    Everything is very open with a very clear description of the issues.

    It was definitely informative. Your site is useful. Thank you for

    I must thank you for the efforts you have put in penning this blog.
    I am hoping to view the same high-grade content by you later on as well.
    In fact, your creative writing abilities has inspired me
    to get my own, personal website now 😉

    My webpage :: หวยเวียดนาม

Leave a Reply

Your email address will not be published.